Felix & Company reports the following information Period 1 2 3 4 5 6 7 8 9 10 Units Produced 1,300 1,200 1,500 2,400 1,600 1,900 1,800 2,100 2,000 2,300 Total Costs $ 12,640 11,900 14,040 20,300 14,740 16,840 16,140 18,240 17,540 19,640 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs If 1,850 units are produced 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 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,850 units are produced High-Low method - Calculation of variable cost per unit 3 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 (2) Estimated cost if 1,850 units are produced: Estimated total cost