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! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced 1 0 2
! Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced 1 0 2 400 800 3 4 5 6 7 8 9 10 1,200 1,600 2,000 2,400 Total cost at the high point 2,800 3,200 3,600 Total Costs $ 2,575 3,295 4,015 4,735 5,455 6,175 6,895 7,615 8,335 9,055 (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. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs 0
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