Required information 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 1 2 3 4 5 6 7 8 9 10 11 12 Units Sold 317,000 162,000 262,0 202,000 287,000 187,000 363,000 267,000 76,600 147,000 91,000 97,000 Total Cost $ 154,500 98,250 202,600 97,000 198,500 109,000 299,984 148,750 68,000 127,625 91,000 84,650 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 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 volume Total fixed costs