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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fffe1ff22-184c-4945-b7e1-1ec1facec45a%2F25e2cfe9-fa7c-44e0-9c0e-75e5e607121b%2F0nbjjt7_processed.jpeg&w=3840&q=75)
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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