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 varlableand fixed costs.Units Sold318,500163,500263,500203,500288,500188,500361,500268,50076,300148,50092,50098,500MonthTotal Cost$ 156.00099,750204,10098,500200, 0০0110,500288,956150,25066,500129,12592,50083,1502.1011121. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediatecalculations.)High-Low method - Calculation of varlable cost per unitHigh-Low method - Calculation of fixed costsTotal cost at the highest volumeVariable costs at highest volume:Highest volumeVariable cost per unitTotal variable costs at highest volumeTotal fixed costsTotal cost at the lowest volumeVariable costs at lowest volume:Lowest volumeVariable cost per unitTotal variable costs at lowest volumeTotal fixed costs

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Description: 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 varlableand fixed costs.Units Sold318,500163,500263,

Variable cost refers to those expenses that vary with the change in the level of output of a…

Business

Accounting

(The following information applies to the questions displayed below) Alden Company's monthly data for the past year follow. Management wants to us and foxed costs. Month Units Sold 318,500 163,500 263,500 203,500 288,500 188,500 361,500 268,500 76,300 148,500 92,500 98,500 Total Cost $ 156.000 99,750 204,100 98,500 200,000 110,500 288,956 150,250 66,500 129,125 92,500 83,150 2 10 11 12

(The following information applies to the questions displayed below) Alden Company's monthly data for the past year follow. Management wants to us and foxed costs. Month Units Sold 318,500 163,500 263,500 203,500 288,500 188,500 361,500 268,500 76,300 148,500 92,500 98,500 Total Cost $ 156.000 99,750 204,100 98,500 200,000 110,500 288,956 150,250 66,500 129,125 92,500 83,150 2 10 11 12

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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Subject: acounting
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