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Felix & Company reports the following information. Period Units Produced Total Costs 1234567890 0 $ 4,820 720 4,120 1,120 4,520 1,520 5,120 1,920 4,220

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Felix & Company reports the following information. Period Units Produced Total Costs 1234567890 0 $ 4,820 720 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 10 3,920 14,228 Saved (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 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 tv A

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