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 8 9 10 700 1,100 1,500 1,900 2,300 2,700 3,100 3,500 3,900 Total Costs $ 4,800 4,100 4,500 5, 100 4,200 4,400 8,900 16,300 5,180 13,770 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs of 3,800 units are produced. 0 High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs Total cost at the highest volume $ 13,770 Variable costs at highest volume (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3.800 units are produced. 0 High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs Total cost at the highest volume $ 13.770 Variable costs at highest volume Highest volume 3,900 units Variable cost per unit Total variable costs at highest volume Total fixed costs > 4.800 0 Total cost at the lowest volume Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs (2) Estimated cost if 3,800 units are produced: Estimated total cost