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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 4 5 6 323,500 168,500 268,500 208,500 293,500 193,500 Total Cost $ 161,000 104,750 209,100 103,500 205,000 115,500 Month 7 8 9 10 11 12 Units Sold 356,500 273,500 75,300 153,500 97,500 103,500 Total Cost $ 252,716 155,250 61,500 134, 125 97,500 78,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)

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 4 5 6 323,500 168,500 268,500 208,500 293,500 193,500 Total Cost $ 161,000 104,750 209,100 103,500 205,000 115,500 Month 7 8 9 10 11 12 Units Sold 356,500 273,500 75,300 153,500 97,500 103,500 Total Cost $ 252,716 155,250 61,500 134, 125 97,500 78,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)

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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Alden Company’s... (please refer to pictures to complete)

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 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
Transcribed Image Text: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 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
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 323,500 1 168,500 268,500 208,500 293,500 193,500 алашин 2 3 4 5 6 Total Cost Month Units Sold 7 8 9 10 11 12 $ 161,000 104,750 209,100 103,500 205,000 115,500 356,500 273,500 75,300 153,500 97,500 103,500 Total Cost $ 252,716 155,250 61,500 134,125 97,500 78,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)
Transcribed Image Text: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 323,500 1 168,500 268,500 208,500 293,500 193,500 алашин 2 3 4 5 6 Total Cost Month Units Sold 7 8 9 10 11 12 $ 161,000 104,750 209,100 103,500 205,000 115,500 356,500 273,500 75,300 153,500 97,500 103,500 Total Cost $ 252,716 155,250 61,500 134,125 97,500 78,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)
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