Felix & Company reports the following information. Period 1 2 Units Produced Total Costs 3 14567890 0 720 $ 4,820 4,120 1,120 4,520 1,520 5,120 1,920 4,220 2,320 4,420 2,720 8,920 3,120 16,320 3,520 5,120 3,920 14,228 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 4,050 units are produced. High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume-Lowest volume High-Low method - Calculation of fixed costs Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume Lowest volume