Alden Co.s monthly unit sales and total cost data for its operating activities of the...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Alden Co.s monthly unit 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
Units Sold
Total Cost
Month
Units Sold
Total Cost
1
320,500
$
158,000
7
359,500
$
274,364
2
165,500
101,750
8
270,500
152,250
3
265,500
206,100
9
75,900
64,500
4
205,500
100,500
10
150,500
131,125
5
290,500
202,000
11
94,500
94,500
6
190,500
112,500
12
100,500
81,150
Please help me with this 2 part question
1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)
2. Predict future total costs when sales volume is (a) 389,000 units and (b) 429,000 units.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
