Ch 18: Homework - Partl O $ 2,585 Saved Help Sa Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced Total Part 1 of 2 1 points eBook Hint Ask Print References Graw Hill 1 2 3 4 5 6 7 8 9 10 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Costs 3,385 4,185 4,985 5,785 6,585 7,385 8,185 8,985 9,785 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 tot(l costs. (2) Estimate total costs if 3,000 units are produced. High-Low method - Calculation of variable cost per unit o 2.00 Cost at higWpoint minus cost at low point Volume at high point minus volume at low point High-Low method - Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit 3,600 units 2.00 7,200 Variable cost per unit = 3,600 Calculation of fixed costs 9,785 Next >