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Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period 1 Units Produced Total Costs
Required information [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period 1 Units Produced Total Costs 0 $ 2,520 2 400 3,280 3 800 4,040 4565896 1,200 4,800 1,600 5,560 2,000 6,320 7 2,400 7,080 2,800 7,840 3,200 8,600 10 3,600 9,360 (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.
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