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 Period 1 2 Units Produced 0 580 980 1,380 1,780 Total Costs $ 2,680 3,280 3,880 4,480 5,080 Units Produced 2,180 2,580 2,980 3,380 3,780 7 8 9 10 Total Costs $5,680 6,280 6,880 7,480 8, 350 4 5 Estimate total costs if 3,180 units are produced. 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 Cost at high point minus cost at low point Change in cost 0 Change in volume Volume at low point minus volume at high 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 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 low point minus volume at high 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 Estimated total cost