Required Information (The following information applies to the questions displayed below.] Felix & Company reports the following Information. Units Produced Period 1 2 3 4 5 6 7 400 809 1,200 1,600 2, eee 2,400 2,800 3,280 3,600 Total Costs $ 2,575 3,295 4,015 4,735 5,455 6,175 6,895 7,615 8,335 9,055 8 9 10 (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. S 1.80 $ 1.80 High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point 6.480 Variable cost per unit = Volume at high point minus volume at low point 3,600 High-Low method - Calculation of fixed costs Total cost at the high point $ 9,055 Variable costs at the high point Volume at the high point 3.600 units Variable cost per unit Total variable costs at the high point 5.455 Total fixed costs 5,455 Total cost at the low point Variable costs at the low point Volume at the low point o units Variable cost per unit 1.80 Total variable costs at the low point Total fixed costs (2) Estimated cost if 3,000 units are produced: Estimated total cost $ S 0