Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its units produced and total costs. Period 1 2 3 Units Produced 0 400 Total Conta $2,500 3,100 3,700 4,300 4,900 Period 6 7 B 9 10 Units Produced 2,000 2,400 2,800 3,200 3,600 Total Costs $5,500 6,100 6,700 7,300 1,200 1,600 5 5 Estimate total costs if 3,000 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method, Variable cost per unit S 2.55 High-Low method - Calculation of variable cost per unit Change in cost Cost at high point minus cost at low point $ 2.900 Change in volume Volume at high point minus volume at low point 3.100 High-Low method - Calculation of fixed costs Total cost at the high point $ 7,900.00 Variable costs at the high point Volume at the high point 3.600 units Variable cost per unit $ 2.55 Total variable costs at the high point 6,256.00 Prey 1 of 8 !!! Next > Estimate total costs if 3,000 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. Variable cost per unit $ 2.55 High-Low method - Calculation of variable cost per unit Change in cost Costat high point minus cost at low point $ 7.900 Change in volume Volume at high point minus volume at low point 3,100 High-Low method - Calculation of fixed costs Total cost at the high point $ 7,900.00 Variable costs at the high point Volume at the high point 3,600 units Variable cost per unit $ 2.55 Total variable costs at the high point 6.256.00 Total fixed costs $ 2,580.00 $ 2,580.00 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 foxed costs Estimated total cost o units 2.55 0.00 2,580.00 $