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

$10$ $ $2,020$

$22002,520$

$34003,020$

$46003,520$

$58004,020$

$61,0004,520$

$71,2005,020$

$81,4005,520$

$91,6006,020$

$101,8006,520$

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 $2,020$ units are produced.