Felix & Company reports the following information. Period Units Produced Total Costs 1234567890 0 $ 2,595 400 3,235 800 3,875 1,200 4,515 1,600 5,155 2,000 5,795 2,400 6,435 2,800 7,075 3,200 7,715 3,600 8,355 Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,000 units are produced. , oints eBook Hint Print High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point Cost at low point minus cost at high point Volume at high point minus volume at low point Volume at low point minus volume at high point Total fixed costs Total cost at the low point Vanable costs at the low point Volume at the low point Vanable cost per unit Total variable costs at the low point Total fixed costs (2) Estimated cost if 3,000 units are produced: Estimated total cost of fixed costs High-Low method - Calculation of variable cost per unit Total cost at the high point Vanable costs at the high point Volume at the high point Variable cost per unit Total vanable 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. High-Low method - Calculation of fixed costs (2) Estimated cost if 3,000 units are produced: Estimated total cost