U Period 1 12.5 points Hmotno Units Produced 1,900 3,200 2,100 2,300 2,200 1,700 2,400 2,700 2,600 2,900 Total Costs $ 9,540 13,400 10,140 10,740 10,440 8,900 11,040 11,940 11,640 12,540 eBook 10 Hint Exercise 18-5 (Algo) Measuring costs using high-low method LO P1 Print (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 2,440 units are produced. References High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point $ 4.500 Variable cost per unit = Volume at high point minus volume at low point 1,500 S 3.00 High-Low method - Calculation of fixed costs $ 13,400 Total cost at the high point Variable costs at the high point Volume at the high point 3,200 units Variable cost per unit S 3.00 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 Total variable costs at the low point Total fixed costs (2) Estimated cost if 2,440 units are produced: Estimated total cost