2 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. 15 points 01:52:19 Period Units Produced Total Costs 1 3,700 $ 23, 240 2 3,800 23,740 3 3,900 24,240 4 4,100 25, 240 5 4,000 24,740 4,300 26,240 7 3,500 22,200 8 4,500 27, 240 9 9 5,000 29, 700 10 4,700 28, 240 6 References 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 4,190 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 4,190 units are produced: Estimated total cost