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Felix & Co. reports the following information about its unit sales and cost of sales. Period Units Sold Cost of Sales Period Units Sold Cost
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 $ 2,620 6 2,120 $ 5,620 2 520 3,220 7 2,520 6,220 3 920 3,820 8 2,920 6,820 4 1,320 4,420 9 3,320 7,420 5 1,720 5,020 10 3,720 8,200 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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