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			0				$	2,590				6				2,090				$	6,352
2			490					3,472				7				2,490					7,072
3			890					4,192				8				2,890					7,792
4			1,290					4,912				9				3,290					8,512
5			1,690					5,632				10				3,690					9,232

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.