21-1A (Algo) Measuring costs using high-low method LO P1 [The following Information applies to the questions displayed below.] Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. Total Cost $ 156,500 Month Units Sold 1 319,000 2 164,000 100,250 3 264,000 204,600 4 204,000 99,000 5 289,000 200,500 6 189,000 111,000 7 361,000 285,296 8 269,000 150,750 9 76,200 66,000 10 149,000 129,625 11 93,000 93,000 12 99,000 82,650 Problem 21-1A (Algo) Part 1 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediat calculations.) High-Low method - Calculation of variable cost per unit Total cost at the highest volume Variable costs at highest volume: Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume: Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs High-Low method - Calculation of fixed costs