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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
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 1 324,000 Total Cost $ 161,500 Month Units Sold Total Cost 7 356,000 $ 249,136 2 169,000 105,250 8 274,000 3 269,000 209,600 9 75,200 155,750 61,000 4 209,000 104,000 10 154,000 134,625 5 294,000 205,500 11 98,000 6 194,000 116,000 12 104,000 98,000 77,650 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 High-Low method - Calculation of fixed costs 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 $ 356,500 units sold 249,136.00
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