[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 Total Cost Month Units Sold Total Cost 1 324,500 $ 162,000 7 355,500 2 169,500 105,750 8 274,500 $ 245,564 156,250 3 269,500 210,100 9 75,100 60,500 4 209,500 104,500 10 154,500 135,125 5 294,500 206,000 11 98,500 98,500 194,500 116,500 12 104,500 77,150 oblem 18-1A (Algo) Part 1 Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate culations.) High-Low method - Calculation of variable cost per unit
[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 Total Cost Month Units Sold Total Cost 1 324,500 $ 162,000 7 355,500 2 169,500 105,750 8 274,500 $ 245,564 156,250 3 269,500 210,100 9 75,100 60,500 4 209,500 104,500 10 154,500 135,125 5 294,500 206,000 11 98,500 98,500 194,500 116,500 12 104,500 77,150 oblem 18-1A (Algo) Part 1 Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate culations.) High-Low method - Calculation of variable cost per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![[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
Total Cost
Month
Units Sold
Total Cost
1
324,500
$ 162,000
7
355,500
$ 245,564
2
169,500
105,750
8
274,500
156,250
3
269,500
210,100
9
75,100
60,500
4
209,500
104,500
10
154,500
135,125
5
294,500
206,000
11
6
194,500
116,500
12
98,500
104,500
98,500
77,150
Problem 18-1A (Algo) Part 1
1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate
calculations.)
High-Low method - Calculation of variable cost per unit
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
High-Low method - Calculation of 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa22a9544-f928-4f00-a6c4-6180805aaae7%2Fe4966e90-c966-4731-9f66-3c18f9a8613d%2Flatiw57_processed.png&w=3840&q=75)
Transcribed Image Text:[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
Total Cost
Month
Units Sold
Total Cost
1
324,500
$ 162,000
7
355,500
$ 245,564
2
169,500
105,750
8
274,500
156,250
3
269,500
210,100
9
75,100
60,500
4
209,500
104,500
10
154,500
135,125
5
294,500
206,000
11
6
194,500
116,500
12
98,500
104,500
98,500
77,150
Problem 18-1A (Algo) Part 1
1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate
calculations.)
High-Low method - Calculation of variable cost per unit
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
High-Low method - Calculation of 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
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