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Required information [The following information applies to the questions displayed below.] Alden Company's monthly data for the past year follow. Management wants to use these
Required information [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 1 317,000 $ 154,500 7 363,000 2 162,000 98,250 8 267,000 $ 299,984 148,750 3 262,000 202,600 9 76,600 68,000 4 202,000 97,000 10 147,000 127,625 5 287,000 198,500 11 91,000 91,000 6 187,000 109,000 12 97,000 84,650 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 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 High-Low method - Calculation of 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
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