Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Units Produced Total Costs Period 1 0 $ 2,545 123456789 2 400 3,265 3 800 3,985 1,200 4,705 1,600 5,425 6 2,000 6,145 2,400 6,865 2,800 7,585 9 3,200 8,305 10 3,600 9,025 (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 Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit High-Low method - Calculation of fixed costs < Prev 5 of 5 Next >