Felix & Co. reports the following information about its unit sales and cost of sales....
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Felix & Co. reports the following information about its unit sales and cost of sales. Period Units Sold Period 470 870 1,270 1,670 cost of Sales $2,570 3,416 4,136 4,856 5,576 Units Sold 2,070 2,470 2,870 3,270 3,670 cost of Sales $6, 296 7,016 7,736 8,456 9, 176 Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point: Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs
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