Felix & Company reports the following information.

PeriodUnits ProducedTotal Costs10$ 2,58524003,38538004,18541,2004,98551,6005,78562,0006,58572,4007,38582,8008,18593,2008,985103,6009,785

(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.

Required Information Use the following Information for the Exerclses below. (Algo) [The following information applies to the questions displayed below.] Fellx \& Company reports the following information. Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and varlable components of total costs. (2) Estimate total costs if 3,000 units are produced