Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected: Month Labor Cost($) Employee Hours   January   9,790     300   February   7,300     350   March   7,831     370   April   8,440     280   May   10,087     320   June   8,790     250   July   10,932     410   August   7,800     230 Pizza Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. In your calculations, round the variable rate per employee hour to the nearest cent. If required, round your final answers to the nearest cent. Required: 1.  Using the high-low method, calculate the variable rate. $fill in the blank 1 per employee hour 2.  Using the high-low method, calculate the fixed cost of labor. $fill in the blank 2 3.  Using the high-low method, construct the cost formula for total labor cost. Total labor cost = $fill in the blank 3 + ($fill in the blank 4 × Employee hours)

CPSB wishes to estimate the committed (fixed) and variable costs per pizza production and had collected the following data from the accounting record:

Please do not give solution in image format thanku

Scatter Diagrams and High-Low Cost Estimation Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs. Month Sales Orders Order Processing Costs 1 3,000 $49,620 2 1,500 30,225 4,400 72,420 2.800 49,140 2.300 41,865 25,860 37,500 3 4 S 6 7 1,200 2,000 NOTE: Round variable cost per unit answers to two decimal places, if appropriate. (a.) Use information from the high- and low-volume months to develop a cost-estimating equation for monthly order-processing costs. $ 15:400 +5 24.26 * 8400 + M.SS* Correct (b.) Plot the data on a scatter diagram. Using the information from representative high-and low-volume months, develop a cost estimating equation for monthly production costs. If needed, an Excel worksheet is provided in the following link in order to create the scatter diagram: Scatter Diagram $ 15,622 X+$ 23.93 XX