A-2 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.Month Units Sold12345T7BSGHA689101112319,500164,500264,500204,500289,500189,500360,500269,50076,100149,50093,50099,500Total Cost$ 157,000100, 750205, 100Total cost at the highest volumeVariable costs at highest volume:Highest volumeVariable cost per unitTotal variable costs at highest volumeTotal fixed costs99,500201,000111,5001. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method.Note: Do not round intermediate calculations.Total cost at the lowest volumeVariable costs at lowest volume:Lowest volumeVariable cost per unitTotal variable costs at lowest volumeTotal fixed costs281,644151,25065,500130, 12593,50082,150High-Low method - Calculation of variable cost per unitHigh-Low method - Calculation of fixed costs0

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

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 1 2 3 4 5 6 7 8 9 10 11 12 319,500 164,500 264,500 204,500 289,500 189,500 360,500 269,500 76,100 149,500 93,500 99,500 Total Cost $ 157,000 100,750 205, 100 99,500 201,000 111,500 281,644 151,250 65,500 130, 125 93,500 82,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. Note: Do not round intermediate calculations.

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 1 2 3 4 5 6 7 8 9 10 11 12 319,500 164,500 264,500 204,500 289,500 189,500 360,500 269,500 76,100 149,500 93,500 99,500 Total Cost $ 157,000 100,750 205, 100 99,500 201,000 111,500 281,644 151,250 65,500 130, 125 93,500 82,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. Note: Do not round intermediate calculations.

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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