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. Period Units Sold Cost of Sales Period Units Sold Cost of Sales 1 $2,570 6 2,070 $6,296 2 470 3,416 2,470 3 7,016 870 4,136 8 2,870 7,736 1,270 4,856 3,270 8,456 1,670 5,576 10 3,670 9,176 3 9 4 5 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. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method - Calculation of variable cost per unit 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