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Required information Use the following information for the Exercises below. (Algo) Skip to...

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Accounting

Required information
Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period Units Produced Total Costs
10 $ 2,550
24003,310
38004,070
41,2004,830
51,6005,590
62,0006,350
72,4007,110
82,8007,870
93,2008,630
103,6009,390
Exercise 18-5(Algo) Measuring costs using high-low method LO P1
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 3,000 units are produced.

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