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3 Part 1 of 2 2 Do Required information Use the following information for the Exercises below. (Algol The following information applies to the questions displayed below: Felix & Company reports the following information Unit Pened Total.com 1.100 10,020 1,200 10.640 1.300 21.240 1.500 12.40 5 1.000 9.400 1). 1.600 13,60 1,900 16.00 > 2,400 17,600 10 2,100 16,00 Exercise 5-5 (Algo) Measuring costs using high-low method LOPI Use the high-low method to estimate the food and variable components of total costs (2) Estimate total costs 1620 units are produced 100 Home Calculation of variable coup Costi.com 1400 open Voet high on minus volop 1400 Lowo. Calevation of ander Total cost of paint 17.00 Variable on the high point Exercise 5-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,620 units are produced. $ 6.00 High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point $ 8,400 Variable cost per unit Volume at high point minus volume at low point 1,400 High-Low method - Calculation of fixed costs Total cost at the high point $ 17,800 Variable costs at the high point Volume at the high point 2.400 units Variable cost per unit $ 6.00 Total variable costs at the high point 14,400 Total fixed costs $ 3,400 Total cost at the low point $ 9.400 Variable costs at the low point Volume at the low point 1.000 units Variable cost per unit $ 6.00 Total variable costs at the low point 6,000 Total fixed costs 3400 (2) Estimated cost if 1,620 units are produced: Estimated total cost 13,120 Required information 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 Costa $ 10,020 1,200 10.640 1,300 1.100 1,500 1.000 1,700 1.600 1.900 2.400 2.100 11,240 12,440 9,400 13,640 13,040 14.40 1,800 16.040 10 Exercise 5-6A (Algo) Appendix: Measuring costs using regression LO P1 Use spreadsheet software to use ordinary least-squares regression to estimate the cost equation, including fixed and variable cost amounts