Saved Help Save & Exit Ch 18: Homework - Part 1 i Check 6 Required information Problem 18-1A (Algo) Measuring costs using high-low method LO P1 [The following information applies to the questions displayed below.] Part 1 of 2 Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. 1 Month Units Sold Total Cost Month Units Sold Total Cost points 319, 500 $ 157, 000 360, 500 $ 281, 644 164, 500 100 , 750 269 , 500 151, 250 264, 500 205 , 100 76, 100 65 , 500 OUT D WN + 204, 500 99 , 500 10 149 , 500 130, 125 289 , 500 201, 000 11 93, 500 93, 500 12 eBook 189 , 500 111 , 500 99, 500 82, 150 Ask Problem 18-1A (Algo) Part 1 Print 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.) References 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 Mc Graw Hill I ... Ch 19: Homework i Saved Help Save & Exit Submit Check my work 5 Required information Part 2 of 4 Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,450 rackets points and sold 5,630. Each racket was sold at a price of $90. Fixed overhead costs are $96,850 per year, and fixed selling and administrative costs are $68,200 per year. The company also reports the following per unit variable costs for the year. Direct materials $ 12 Direct labor eBook variable overhead N UT CO Variable selling and administrative expenses Hint QS 19-5 (Algo) Reporting inventory using variable costing LO P2 Ask Compute the cost of ending finished goods inventory reported on the balance sheet using variable costing. Print Finished goods inventory under variable costing References Product cost per unit $ Finished goods inventory reported on balance sheet McHelp Save & Exit SL Check my w 6 Required information art 3 of 4 Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,450 rackets ints and sold 5,630. Each racket was sold at a price of $90. Fixed overhead costs are $96,850 per year, and fixed selling and administrative costs are $68,200 per year. The company also reports the following per unit variable costs for the year. Direct materials $ 12 Direct labor eBook Variable overhead N UI CO Variable selling and administrative expenses Hint QS 19-6 (Algo) Absorption costing income statement LO P2 Ask Prepare an income statement under absorption costing. Print ACES INCORPORATED Income Statement (Absorption Costing) ReferencesHelp Save & Exit Su Check my wo Required information Part 4 of 4 Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,450 rackets points and sold 5,630. Each racket was sold at a price of $90. Fixed overhead costs are $96,850 per year, and fixed selling and administrative costs are $68,200 per year. The company also reports the following per unit variable costs for the year. Direct materials $ 12 Direct labor eBook N UI Dot Variable overhead Variable selling and administrative expenses Hint QS 19-7 (Algo) Reporting inventory using absorption costing LO P2 Ask Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing. Print Finished goods inventory under absorption costing References Product cost per unit Finished goods inventory reported on balance sheet Mc Graw