Required information

Use the following information for the Exercises below. $($Algo$)$

Skip to question

$[$The following information applies to the questions displayed below.$]$

Felix & Company reports the following information.

Period Units Produced Total Costs

$10$ $ $2,515$

$24003,235$

$38003,955$

$41,2004,675$

$51,6005,395$

$62,0006,115$

$72,4006,835$

$82,8007,555$

$93,2008,275$

$103,6008,995$

Exercise $18-5($Algo$)$ Measuring costs using high$-$low method LO P$1$

$(1)$ 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.