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 Units Sold Total Cost 1 315,000 $ 152,500 2 160,000 96,250 3 260,000 200,600 4 200,000 95,000 285,000 196,500 6 185,000 107,000 7 365,000 314,800 8 265,000 146,750 9 77,000 70,000 10 145,000 125,625 11 89,000 89,000 12 95,000 86,650 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. Note: 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 lowest volume Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs 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 Units Sold Total Cost 1 315,000 $ 152,500 2 160,000 96,250 3 260,000 200,600 4 200,000 95,000 5 285,000 196,500 6 185,000 107,000 7 365,000 314,800 265,000 146,750 9 77,000 70,000 10 145,000- 125,625 11 89,000 89,000 12 95,000 86,650 2. Predict future total costs when sales volume is (a) 370,000 units and (b) 410,000 units. 370,000 units 410,000 units Total cost