12 Problem 21-1A (Algo) Measuring costs using high-low method LO P1 [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 12445 1 323,500 $161,000 2 168,500 104,750 3 268,500 209,100 208,500 103,500 5 293,500 205,000 6 193,500 115,500 7 356,500 252,716 ces 8 273,500 155,250 9 75,300 61,500 10 153,500 134,125 11 97,500 97,500 12 103,500 78,150 Problem 21-1A (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 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: 1 Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs High-Low method - Calculation of fixed costs 0 Problem 21-1A (Algo) Part 2 2. Predict future total costs when sales volume is (a) 383,000 units and (b) 423,000 units. 383,000 units 423,000 units Total cost