Chap Felix & Co. reports the following information about its sales and cost of sales Cost of Cost of Sales 0 2,500 400 3,100 800 3,700 1,200 4,300 1,600 4,900 Sales Period Units Sold 6 7. 2,000 2,400 2,800 3,200 3,600 7,300 5,500 6,100 6,700 10 7,900 2 u Hint: (Draw an estimated line of cost behavior using a scatter diagram, offline.) Required: (a) Use the high-low method to calculate the fixed component of the cost of sales. (Omit the "$" sign in Sel your response.) Fixed cost (b) Use the high-low method to calculate the variable componeht of the cost of sales. (Round your answer to 2 decimal places. Omit the "$ sign in your response.) Variable cost 1.50 per unit Hints References 8 un 2 un