ES

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Required Information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questlons displayed below.$]$

Fellx & Company reports the following information.

$\backslash$table$[[$Period$,$Units,Produced,Total,$1$ costs$],[1,,$e$,$$$2,2,200],[2,,540,,2,794],[3,,948,,3,234],[4,,1,340,,3,674],[5,,1,74,,4,114],[6,,2,14,,4,554],[7,,2,540,,4,994],[8,,2,940,,5,434],[9,,3,340,,5,874],[18,,3,740,,6,314]]$

Exercise $21-5($Algo$)$ Measuring costs using high$-$low method LO P$1$

$(1)$ Use the high$-$low method to estimate the fixed and varlable components of total costs.

$(2)$ Estimate total costs if $3,000$ units are produced.