Felix & Company reports the following information. Period Units Produced Total Costs 1234567890 0 640 1,040 $ 4,740 4,040 4,440 1,440 5,040 1,840 4,140 2,240 4,340 2,640 8,840 3,040 16,240 3,440 5,040 3,840 12,996 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,120 units are produced. High-Low method - Calculation of variable cost per unit Cost at highest volume-Cost at lowest volume Highest volume - Lowest volume Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume High-Low method - Calculation of fixed costs