Question
The following information applies to the questions displayed below.] Alden Companys monthly data for the past year follow. Management wants to use these data to
The following information applies to the questions displayed below.] Alden Companys 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 1 322,500 $ 160,000 2 167,500 103,750 3 267,500 208,100 4 207,500 102,500 5 292,500 204,000 6 192,500 114,500 7 357,500 259,900 8 272,500 154,250 9 75,500 62,500 10 152,500 133,125 11 96,500 96,500 12 102,500 79,150 rev: 05_27_2021_QC_CDR-376 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)
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