Estimate both the variable costs per unit

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Question - 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

Month

Units Sold

Total Cost

1

320,000

$ 160,000

7

340,000

$ 220,000

2

160,000

100,000

8

280,000

160,000

3

280,000

220,000

9

80,000

64,000

4

200,000

100,000

10

160,000

140,000

5

300,000

230,000

11

100,000

100,000

6

200,000

120,000

12

110,000

80,000

Required - Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method.

Reference no: EM133150671

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