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1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round Intermediate calculations.) Total cost at the high point Variable costs at the high point: Volume at the high point Vanable 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 High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs

1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round Intermediate calculations.) Total cost at the high point Variable costs at the high point: Volume at the high point Vanable 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 High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round Intermediate calculations.) Total cost at the high point Variable costs at the high point: Volume at the high point Vanable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Vanable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs High-Low method - Calculation of variable cost per unit High-Low method-Calculation of fixed costs
Transcribed Image Text:1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round Intermediate calculations.) Total cost at the high point Variable costs at the high point: Volume at the high point Vanable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Vanable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs High-Low method - Calculation of variable cost per unit High-Low method-Calculation of fixed costs
1 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 2 3 6 319,000 164,000 264,000 204,000 289,000 189,000 Total Cost Month Units Sold $ 156,500 7 100, 250 8 204,600 9 99,000 200, 500 111,000 10 11 12 361,000 269,000 76,200 149,000 93,000 99,000 Total Cost $285,296 150,750 66,000 129,625 93,000 82,650
Transcribed Image Text:1 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 2 3 6 319,000 164,000 264,000 204,000 289,000 189,000 Total Cost Month Units Sold $ 156,500 7 100, 250 8 204,600 9 99,000 200, 500 111,000 10 11 12 361,000 269,000 76,200 149,000 93,000 99,000 Total Cost $285,296 150,750 66,000 129,625 93,000 82,650
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