please answer correct this time with full work In your calculations, round the variable rate per employee hour to thenearest cent. If required, round your final answers to the nearest cent.Required:1. Using the high-low method, calculate the variable rate.15.80✔ per employee hour2. Using the high-low method, calculate the total fixed labor cost.$3. Using the high-low method, construct the cost formula for total labor cost.Total labor cost = $Ixx Employee hours]+ [$Feedback Using High-Low to Calculate the Variable Rate, Calculate Fixed Cost, and Construct aCost FunctionPizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:LaborEmployeeCost ($)HoursJanuary9,490February 7,000March7,531April8,140May9,787June8,490July13,416August 7,500Month560650690520600470770430Pizza Vesuvio's controller wants to calculate the variable and fixed costs associatedwith labor used in the restaurant.

Introduction: - High-low method is one of the techniques that is used to separate fixed and…

In your calculations, round the variable rate per employee hour to the mearest cent. If required, round your final answers to the nearest cent Required: . Using the high-low method, calculate the variable rate. 15.80✔ per employee hour 2. Using the high-low method, calculate the total fixed labor cost. . Using the high-low method construct the cost form

In your calculations, round the variable rate per employee hour to the mearest cent. If required, round your final answers to the nearest cent Required: . Using the high-low method, calculate the variable rate. 15.80✔ per employee hour 2. Using the high-low method, calculate the total fixed labor cost. . Using the high-low method construct the cost form

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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