Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its unit sales and cost of sales. Units Sold Period 1 2 3 4 5 410 810 1,210 1,610 Cost of Sales $2,510 3,248 3,968 4,688 5,408 Period 6 7 8 9 10 Units Sold 2,010 2,410 2,810 3,210 3,610 Cost of Sales $6, 128 6,848 7,568 8,288 9,008 Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. 0 High-Low method - Calculation of variable cost per unit Change in cost Cost at high point minus cost at low point Change in volume Volume at high point minus volume at low point 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