Required information Use the following information for the Exercises below. (Algo) [The following Information applies to the questions displayed below.] Felix & Company reports the following information. Period Units Produced Total Costs 1234567620 $ 2,505 400 3,145 800 3,785 1,200 4,425 1,600 5,065 2,000 5,705 2,400 6,345 8 2,888 6,985 9 3,200 7,625 3,600 8,265 (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. Answer is not complete. High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point $ 5.760 Volume at high point minus volume at low point 3,600 High-Low method Calculation of fixed costs Total cost at the high point $ 8,265 Variable costs at the high point Volume at the high point 3,600 units Variable cost per unit $ 1.60 Total variable costs at the high 5,760 point Variable cost per unit 1.60 5,760 2,505 2,505 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 S 0 units 1.60 Total variable costs at the low point Total fixed costs (2) Estimated cost if 3,000 units are produced: Estimated total cost 0 2,505 E