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. Exercise 21-5 (Algo) Measuring costs using high-low method LO P1 (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. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ High-Low method - Calculation of variable cost per unit } \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Total cost at the highest volume \\ \hline Variable costs at highest volume & \\ \hline Highest volume \\ \hline Variable cost per unit \\ \hline Total variable costs at highest volume \\ \hline Total fixed costs \\ \hline Total cost at the lowest volume \\ \hline Variable costs at lowest volume \\ \hline \multicolumn{2}{|c|}{ Lowest volume } \\ \hline Variable cost per unit \\ \hline Total variable costs at lowest volume - Calculation of \\ \hline Total fixed costs \\ \hline \end{tabular} (2) Estimated cost if 1,460 units are produced: Estimated total cost