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Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $ 2,500 2 400 3,100 3 800 3,700 4 1,200 4,300
Felix & Company reports the following information. Period Units Produced Total Costs 1 0 $ 2,500 2 400 3,100 3 800 3,700 4 1,200 4,300 5 1,600 4,900 6 2,000 5,500 7 2,400 6,100 8 2,800 6,700 9 3,200 7,300 10 3,600 7,900 (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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