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T/F: A major advantage of the high-low method of cost estimation is that it omits all data from the analysis other than the lowest and highest costs.
1,000 units ofproduction? _$____________
Alden Co.รขยยs 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.
Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.)
Predict future total costs when sales volume is (a) 376,000 units and (b) 416,000 units.