Felix & Company reports the following information.

Period Units Produced Total Costs 1 0 $ 4,760 2 660 4,060 3 1,060 4,460 4 1,460 5,060 5 1,860 4,160 6 2,260 4,360 7 2,660 8,860 8 3,060 16,260 9 3,460 5,060 10 3,860 13,252

Exercise 21-5 (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 3,390 units are produced.