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Felix & Company reports the following information. table [ [ Period , Units Produced,Total Costs ] , [ 1 , 0 , $ 3

Felix & Company reports the following information.
\table[[Period,Units Produced,Total Costs],[1,0,$ 3,020],[2,800,4,060],[3,1,600,5,100],[4,2,400,6,140],[5,3,200,7,180],[6,4,000,8,220],[7,4,800,9,260],[8,5,600,10,300],[9,6,400,11,340],[10,7,200,12,380]]
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 3,020 units are produced.
\table[[High-Low method - Calculation of variable cost per unit],[Highest volume - Lowest volume,7,106,Variable cost per unit =,$,1.90],[Lowest volume - Highest volume,3,740,,,],[High-Low method - Calculation of fixed costs],[Total cost at the highest volume],[Variable costs at highest volume],[Highest volume,3,740 u,units,,,,],[Variable cost per unit,$,1.90,,,,,],[Total variable costs at hiahest volume,,7.106,,,,]]
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