The following information applies to the questions displayed below. Felix & Company reports the following information. Period Units Produced Total Costs $ 4,740 640 4,040 1,040 4,440 1,440 5,040 1,840 4,140 2,240 4,340 2,640 8,840 3,040 16,240 9 3,440 5,040 3,840 12,996 SO OWN 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 3,120 units are produced 0 High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Cost at lowest volume - Cost at highest volume High-Low method - Calculation of fixed costs 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 Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs (2) Estimated cost if 3,120 units are produced: Estimated total cost QS 21-8 (Algo) Contribution margin per unit and break-even units LO P2 Viva sells its waterproof phone case for $95 per unit. Fixed costs total $119,700, and variable costs are $38 per unit (1) Determine the contribution margin per unit. per unit per unit per unit Contribution margin (2) Determine the break-even point in units Numerator: 1 Denominator: Break Even Units Break even units 1