Felix & Company reports the following information.

Period	Units Produced	Total Costs
1	1,500	$ 15,640
2	1,600	16,440
3	1,400	14,800
4	1,900	18,840
5	1,800	18,040
6	2,100	20,440
7	2,700	25,200
8	2,300	22,040
9	2,200	21,240
10	2,500	23,640

Exercise 5-5 (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 2,040 units are produced.

High-Low method - Calculation of variable cost per unit
Cost at high point minus cost at low point
Volume at high point minus volume at low point
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 2,040 units are produced:
Estimated total cost