Felix & Company reports the following information. Period Units Produced Total Costs I 0 $ 2,590 400 3,190 3 800 3,790 1,200 4,390 1,600 4,990. 6 2,000 5,590 2,400 6,190 8 2,800 6,790 9 3,200 7,390 10 3,600 7,990 (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. High-Low method - Calculation of variable cost per unit 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 High-Low method - Calculation of fixed costs < Prev 3 of 11 Next > 0