Required information [The following information applies to the questions displayed below] Alden Co

Accounting Nov 08, 2020

Required information [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 1 317,000 $154,500 7 363,000 $299,984 2 162,000 98,250 8 267,000 148,750 3 262,000 202,600 9 76,600 68,000 4 202,000 97,000 10 147,000 127,625 5 287,000 198,500 11 91,000 91,000 6 187,000 109,000 12 97,000 84,650
1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)

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