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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Felix \& Company reports the following information. Exercise 21-5 (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 4,190 units are produced. (1) Required information High-Low method - Calculation of variable cost per unit \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ High-Low method - Calculation of var } \\ \hline \multicolumn{1}{|c|}{ Cost at highest volume - Cost at lowest volume } \\ \hline \multicolumn{1}{|c|}{ Highest volume - Lowest volume } \\ \hline Total cost at the highest volume & & High-Low method - Calculation o \\ \hline Variable costs at highest volume & & \\ \hline Highest volume & & \\ \hline Variable cost per unit & & \\ \hline Total variable costs at highest volume & & \\ \hline Total fixed costs & & \\ \hline Total cost at the lowest volume & & \\ \hline Variable costs at lowest volume & & \\ \hline \multicolumn{1}{|l|}{ Lowest volume } & \\ \hline \hline Variable cost per unit & \\ \hline Total variable costs at lowest volume & \\ \hline Total fixed costs & & \\ \hline (2) Estimated cost if 4,190 units are produced: & \\ \hline Estimated total cost & \\ \hline \end{tabular}

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