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Felix & Co. reports the following information about its sales and cost of sales. Period UnitsSold Cost of Sales Period UnitsSold Cost of Sales 1
Felix & Co. reports the following information about its sales and cost of sales. |
Period | UnitsSold | Cost of Sales | Period | UnitsSold | Cost of Sales | |
1 | 0 | $ | 2,500 | 6 | 2,000 | 5,500 |
2 | 400 | 3,100 | 7 | 2,400 | 6,100 | |
3 | 800 | 3,700 | 8 | 2,800 | 6,700 | |
4 | 1,200 | 4,300 | 9 | 3,200 | 7,300 | |
5 | 1,600 | 4,900 | 10 | 3,600 | 7,900 | |
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. |
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