Required information [The following information applies to the questions displayed below.) Felix & Company reports the following information. Units Produced Total Costs Period 1 2 780 $ 4,880 4,180 3 1,180 4,580 4 1,580 5,180 1,980 4,280 2,380 4,480 2,780 8,980 3,180 16,380 3,580 5,180 10 3,980 14,830 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 4,600 units are produced. High-Low method - Calculation of variable cost per unit Cost at highest volume-Cost at lowest volume Highest volume-Lowest volume Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit High-Low method-Calculation of fixed costs < Prev 2 of 5 Next >