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Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $ 2,555 2 400 3,355 3 800 4,155 4 1,200 4,955

Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $ 2,555 2 400 3,355 3 800 4,155 4 1,200 4,955 5 1,600 5,755 6 2,000 6,555 7 2,400 7,355 8 2,800 8,155 9 3,200 8,955 10 3,600 9,755 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.

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