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Required information [The following information applies to the questions displayed below.] Alden Co's monthly unit sales and total cost data for its operating activities
Required information [The following information applies to the questions displayed below.] Alden Co's monthly unit sales and total cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. Month Units Sold Total Cost Month Units Sold Total Cost 1 321,500 $159,000 7 358,500 $267,116 2 166,500 102,750 8 271,500 153,250 3 266,500 207,100 9 75,700 63,500 4 206,500 101,500 10 151,500 132,125 5 291,500 191,500 203,000 11 95,500 95,500 113,500 12 101,500 80,150 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 < Prev 2 of 9 Next
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