help with all work, steps , explanation , computation , formula thanks answer in text 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 variableand fixed costs.Month12345Units Sold324,500169,500269,500209,500294,500194,500Total Cost$ 162,000105,750210,100104,500206,000116,500Honth78101112Units Sold355,500274,50075,100154,50098,500104,500Total Cost$ 245,564156,25060,500135,12598,50077,1501. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediatecalculations.)A 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediatecalculations.)Total cost at the high pointVariable costs at the high pointVolume at the high pointVariable cost per unitTotal variable costs at the high pointTotal fixed costsTotal cost at the low pointVariable costs at the low pointVolume at the low pointVariable cost per unitTotal variable costs at the low pointTotal fixed costsHigh-Low method-Calculation of variable cost per unitHigh-Low method-Calculation of fixed costsUnitsRequired 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 variableand fixed costs.TotalMonth12345Units Sold324,500169,500269,500209,500294,500194,500Total Cost$ 162,000105,750210,100104,500206,000116,5002. Predict future total costs when sales volume is (a) 381,000 units and (b) 421,000 units.Predictions(a)381,000Month789101112(b)Units Sold355,500274,50075,100154,50098,500104,500421,000Total Cost$ 245,564156,25060,500135,12598,50077,150

Cost estimation is one of the concept used in cost accounting. High low method is one of useful…

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 1 2 3 4 5 6 Units Sold 324,500 169,500 269,500 209,500 294,500 194,500 Total Cost Honth $ 162,000 105,750 210,100 104,500 206,000 116,500 10 11 12 Units Sold 355,500 274,500 75,100 154,500 98,500 104,50 Total Cost $ 245,564 156,250 60,500 135, 125 98,500 77,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)