Exercise 5-6 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 Period 460 860 1,260 1,660 Cost of Sales $ 2,560 3,388 4,108 4,828 5,548 Units Sold 2,060 2,460 2,860 3,260 3,660 Cost of Sales $6,268 6,988 7,708 8,428 9,148 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. High-Low method - Calculation of variable cost per unit Change in cost Change in volume [ Cost at high point minus cost at low point 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