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Felix & Co. reports the following information about its sales and cost of sales Cost of Units Sold Sales 0 2,500 3,100 3,700 4,300 4,900
Felix & Co. reports the following information about its sales and cost of sales Cost of Units Sold Sales 0 2,500 3,100 3,700 4,300 4,900 Cost of Period Units Sold 2,000 2,400 2,800 3,200 3,600 Period Sales 5,500 6,100 6,700 7,300 7,900 6 400 800 1,200 1,600 4 10 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 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
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