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Felix & Co. reports the following information about its sales and cost of sales. Period 1 2 3 4 5 Units Sold 0 400 800
Felix & Co. reports the following information about its sales and cost of sales. Period 1 2 3 4 5 Units Sold 0 400 800 1,200 1,600 Cost of Sales $ 2,500 3,100 3,700 4,300 4,900 Period 6 7 8 9 10 Units Sold 2,000 2,400 2,800 3,200 3,600 Cost of Sales 5,500 6,100 6,700 7,300 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 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 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 3,600 units 5,400.00 2,500.00 Total fixed costs $ $ 2,500.00 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 o units Total fixed costs
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