! Required information [The following information applies to the questions displayed below.] Felix & Company...
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! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period 1 2 3 4 5 6 7 8 9 10 Units Produced 200 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total Costs $ 15,100 6,000 10,500 11,000 4,000 6,000 5,000 90,000 12,000 10,000 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 2,120 units are produced. High-Low method - Calculation of variable cost per unit 0 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 (2) Estimated cost if 2,120 units are produced: Estimated total cost
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