Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ces Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. Month Units

ces Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. Month Units Sold 1 2 3 4 5 6 317,000 162,000 262,000 202,000 287,000 187,000 Total Cost $ 154,500 98,250 202,600 97,000 198,500 109,000 Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Month Units Sold 363,000 267,000 7 8 9 76,600 147,000 10 11 91,000 12 97,000 Total Cost $ 299,984 148,750 68,000 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.) 127,625 91,000 84,650 High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs 0
image text in transcribed
image text in transcribed
Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. . Estimate both the variable costs per unit and the total monthly foxed costs using the high-low method.'Do not round intermediate calculations.) 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

4th Edition

9781934319345

More Books

Students also viewed these Accounting questions