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Calculator Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Pizza Vesuvio makes s
January $6,800 370 February $9,699 560 March $7,940 640 April $9,587 620 May $8,290 490 June $7,331 360 July $9,290 580 Augus
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Answer #1
Answer:
Given formula for Labor Cost,
                                Total labor Cost = $ 6,559 + ( $ 2.16 x Employee hours )
(a)
Total Variable Labor Cost
                  = $ 2.16 x Employee hours
                  =   $ 2.16 x 635
                  = $ 1,372
Total Variable Labor Cost     = $ 1,372
(b)
Total labor Cost
                    = $ 6,559 + ( $ 2.16 x Employee hours )
                    =   $ 6,559 + ( $ 2.16 x 635 )
                    =   $ 6,559 +   $ 1,371.6
Total Labor Cost    =    $ 7,931
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