! 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 321,000 Total Cost $ 158,500 12345 Month 7 Units Sold Total Cost 359,000 $ 270,736 166,000 266,000 102,250 8 271,000 152,750 206,600 9 75,800 64,000 206,000 101,000 10 151,000 131,625 291,000 202,500 11 95,000 95,000 6 191,000 113,000 12 101,000 80,650 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: 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
! 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 321,000 Total Cost $ 158,500 12345 Month 7 Units Sold Total Cost 359,000 $ 270,736 166,000 266,000 102,250 8 271,000 152,750 206,600 9 75,800 64,000 206,000 101,000 10 151,000 131,625 291,000 202,500 11 95,000 95,000 6 191,000 113,000 12 101,000 80,650 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: 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
321,000
Total Cost
$ 158,500
12345
Month
7
Units Sold
Total Cost
359,000
$ 270,736
166,000
266,000
102,250
8
271,000
152,750
206,600
9
75,800
64,000
206,000
101,000
10
151,000
131,625
291,000
202,500
11
95,000
95,000
6
191,000
113,000
12
101,000
80,650
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:
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb1df83bb-7fec-49a0-9789-38420e065d59%2F0638f787-5801-4f0e-9392-aef0fd7c93e6%2Fdmlst6b_processed.png&w=3840&q=75)
Transcribed Image 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 variable and fixed costs.
Month Units Sold
321,000
Total Cost
$ 158,500
12345
Month
7
Units Sold
Total Cost
359,000
$ 270,736
166,000
266,000
102,250
8
271,000
152,750
206,600
9
75,800
64,000
206,000
101,000
10
151,000
131,625
291,000
202,500
11
95,000
95,000
6
191,000
113,000
12
101,000
80,650
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:
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
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