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ook nt ences Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period L234567899 1 10
ook nt ences Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period L234567899 1 10 Units Produced 0 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 Total Costs $ 2,500 3,100 3,700 4,300 4,900 5,500 6,100 6,700 7,300 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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