Required Information Problem 05-2A Cost behavior estimation LO P1 (The following information applies to the questions displayed below) Alden Co's monthly unlt 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 Unita Sold Total Cost Month Units Sola Total Coat 322,500 $160,000 357,500 $259,900 167,500 103,750 272.500 154,250 3 267,500 208,100 9 75,500 62,500 207,500 102,500 10 152,500 133, 125 5 292,500 204,000 11 96,500 96,500 192,500 114,500 102,500 79, 150 7 12 Required information 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round Intermediate calculations.) Change in cost Change in volume High-Low method - Calculation of Variable Cost per unit Cost at high point minus cost at low point Volume at high point minus volume at low point High-Low method - Calculation of Fixed Costs 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