27 ! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Units Produced Total Costs Period 1 2 0 460 $ 4,560 3,860 3 860 4,260 1,260 4,860 5 1,660 3,960 6 2,060 4,160 7 2,460 8,660 8 2,860 16,060 9 3,260 4,860 10 3,660 10,782 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,460 units are produced. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs (2) Estimated cost if 1,460 units are produced: Estimated total cost