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Felix & Co. reports the following information about its unit sales and cost of sales. Period Period nmin Units Sold 0 580 980 1,380 1,780
Felix & Co. reports the following information about its unit sales and cost of sales. Period Period nmin Units Sold 0 580 980 1,380 1,780 Cost of Sales $2,680 3,724 4,444 5,164 5,884 Ova Units Sold 2,180 2,580 2,980 3,380 3,780 Cost of Sales $6,604 7,324 8,044 8,764 9,484 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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