Required Information [The following Information applies to the questions displayed below.] Felix & Company reports the following Information. Period Units Produced 1.300 Total Costs $ 12,640 11,980 14,040 1,200 1,500 3 2,488 20,300 5 1,600 1,90 1,800 2,100 2,008 14,740 16,840 16,140 18,240 17,540 19,640 18 2,3ee 1 Use the high-low method to estimate the fixed and variable components of total costs. 2) Estimate total costs If 1,850 units are produced. 7.00 1.200 High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point 8.400 Variable cost per unit Volume at high point minus volume at low point High-Low method - Calculation of fixed costs Total cost at the high point $ 20,300 Variable costs at the high point: Volume at the high point. 2.400 units Variable cost per unit $ 7.00 Total variable costs at the high point 16.800 Total fixed costs $ 3,500 $ 11,9001 Total cost at the low point Variable costs at the low point Volume at the low point units Variable cost per unit $ 7.00 11.900 Total variable costs at the low point Total fixed costs (2) Estimated cost if 1,850 units are produced: Estimated total cost E hereW