Required information (The following information applies to the questions displayed below.) Felix & Company reports the following information. Period 1 2 3 4 5 6 7 8 9 10 Units Produced Total Costs 900 $ 7,840 1,000 8,340 2,100 13,800 1,300 9,848 800 7,300 1,500 10,840 1,400 10,340 1,700 11,840 1,600 11,340 1,900 12,840 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,460 units are produced. High-Low method. Calculation of variable cost per unit 0 High-Low method Calculation of fixed costs Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 1,460 units are produced. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs (2) Estimated cost if 1,460 units are produced: Estimated total cost