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.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 9EA: The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express...

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es ! 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 Total Cost Month Units Sold 1 321,000 $ 158,500 7 359,000 Total Cost $ 270,736 2 166,000 102,250 8 271,000 152,750 3 266,000 206,600 9 75,800 64,000 4 206,000 101,000 10 151,000 131,625 5 291,000 6 191,000 202,500 113,000 11 95,000 95,000 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…
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 varlable and fixed costs. 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 Month Total Cost $ 156.000 99,750 204,100 98,500 200, 0০0 110,500 288,956 150,250 66,500 129,125 92,500 83,150 2. 10 11 12 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 varlable cost per unit High-Low method - Calculation of fixed costs Total cost at the highest volume Variable costs at highest volume: Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume: Lowest volume Variable cost per unit Total variable costs at lowest…
! 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. Units Month Units Sold Total Cost Month Units Sold 1 7 2 8 9 10 11 12 Total 3 4 5 6 319,000 164,000 264,000 204,000 289,000 189,000 $ $156,500 100,250 204,600 (a) 99,000 200,500 111,000 2. Predict future total costs when sales volume is (a) 378,000 units and (b) 418,000 units. Predictions 378,000 0 $ (b) 418,000 361,000 269,000 0 76,200 149,000 93,000 99,000 Total Cost $285,296 150,750 66,000 129,625 93,000 82,650
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 31 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 98,500 200,0০০ 110,500 288,956 150,250 66, 500 129,125 92,500 83,150 6. 8. 10 11 12 2. Predict future total costs when sales volume is (a) 377,000 units and (b) 417,000 units. 377,000 units 417,000 unita Total cost
Required information Skip to question [The following information applies to the questions displayed below.] Alden Co.’s monthly unit sales and total cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed and variable costs. Month Units Sold Total Cost Month Units Sold Total Cost 1 315,500 $ 153,000 7 364,500 $ 311,084 2 160,500 96,750 8 265,500 147,250 3 260,500 201,100 9 76,900 69,500 4 200,500 95,500 10 145,500 126,125 5 285,500 197,000 11 89,500 89,500 6 185,500 107,500 12 95,500 86,150 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.) SEE PICTURE
[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. 2234 in Month 1 Units Sold 315,000 Total Cost $ 152,500 160,000 96,250 260,000 200,600 200,000 95,000 5 285,000 196,500 6 185,000 107,000 7 365,000 314,800 8 265,000 146,750 9 77,000 70,000 10 145,000 125,625 11 89,000 89,000 12 95,000 86,650 2. Predict future total costs when sales volume is (a) 370,000 units and (b) 410,000 units. 370,000 units 410,000 units Total cost
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 Saw! 3 4 5 6 7 8 9 10 11 12 Units Sold 315,000 160,000 260,000 200,000 Total cost 285,000 185,000 365,000 265,000 77,000 145,000 89,000 95,000 Total Cost: $152,500. 96,250 200,600 95,000 196,500 107,000 314,800 146,750 70,000 125,625 89,000 86,650 2. Predict future total costs when sales volume is (a) 370,000 units and (b) 410,000 units. 370,000 units 410,000 units
A company has following details for this yearDetails Total sales($) Total cost($) Details Total sales($) Total cost($)Year ended 31/12/2018 35,78,998 25,89,709Year ended 31/12/2019 48,90,742 31,67,984 Calculate P/V ratio, Fixed cost, break even sales, Margin of safety 2018/2019, Variable cost 2018/2019and percent of fixed cost 2018/2019
ABM Enterprise reported business transactions for a certain month in 2020: Unit Price, P55.75; Variable Cost Per Unit, P25.50, and Total Fixed Cost, P45,375.00. a. Compute for the number of units to be sold in order to break-even. b. How is the amount of sales to break-even?
otal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 21,410 210 February 22,140 240 March 22,875 275 April 23,295 295 May 23,620 310 June 23,830 320 July 24,350 350 Select one: a. Y=18000+18*X b. Y=24500+11*X c. Y=17000+21*X d. Y=18000+19*X
Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What is the cost formula for monthly shipping cost? Identify the independent variable, the dependent variable, the fixed cost per month, and the variable rate.
The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method, express the companys overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. Predict the overtime wages if 9,000 invoices are processed. Predict the overtime wages if 6,500 invoices are processed. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.