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 Units Sold 319,500 Total Cost $ 157,000 2 164,500. 3 264,500 100,750 205,100 4 204,500 99,500 5 289,500 201,000 6 189,500 111,500 7 360,500 281,644 8 269,500 151,250 9 76,100 65,500 10 149,500 130,125 11 93,500 93,500 12 99,500 82,150 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 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 High-Low method Calculation of fixed costs