[The following Information applies to the questions displayed below.] Felix & Company reports the following Information. Units Produced Total Costs Period 1 2 3 0 740 1,140 $ 4,840 4,140 4,540 4 1,540 5,140 5 1,940 4,240 6 2,340 4,440 7 2,740 8,940 8 3,140 16,340 9 3,540 5,140 10 3,940 14,296 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 4,190 units are produced. Answer is complete but not entirely correct. High-Low method - Calculation of variable cost per unit Highest volume - Lowest volume Lowest volume - Highest volume $ 12,200 2,400 Variable cost per S 5.08 unit = Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume High-Low method - Calculation of fixed costs S 16,040 3,140 units S 5.08 14,437 S 1,603 S 3,840 Variable costs at lowest volume Lowest volume 440 units Variable cost per unit S 5.08 Total variable costs at lowest 2,240 volume Total fixed costs S 1,600 (2) Estimated cost if 4,190 units are produced: Estimated total cost S 1,603x