Required information Problem 5-1A (Static) 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. Month Units Sold Total Cost Month Units Sold Total Cost 1 320,000 $ 160,000 7 340,000 $ 220,000 2 160,000 100,000 8 280,000 3 280,000 220,000 9 80,000 4 200,000 100,000 10 160,000 160,000 64,000 140,000 5 300,000 230,000 11 6 200,000 120,000 12 100,000 110,000 100,000 80,000 Problem 5-1A (Static) Part 1 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 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 Variable costs at the low point: Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs High-Low method - Calculation of fixed costs