Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fill out the chart [The following information applies to the questions displayed below.) Alden Company's monthly data for the past year follow. Management wants
please fill out the chart
[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 Units Sold Month 2 4 5 6 7 B 9 10 11 12 321,000 166,00 266,000 206,000 291,000 191,00 359, eee 271,000 75,Bee 151,000 95,000 101,000 Total Cost $ 158,500 102,250 206,600 101,000 202,500 113,000 270,736 152,750 64,000 131,625 95,000 89,650 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.) High-Low method - Calculation of variable cost per unit 0 High-Low method - Calculation of fixed costs 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 units sold 0.00 Total foxed costs Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started