Use the following information for the Exercises below. (Algo)

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[The following information applies to the questions displayed below.] Felix & Company reports the following information.

Period	Units Produced	Total Costs
1	0	$ 4,620
2	520	3,920
3	920	4,320
4	1,320	4,920
5	1,720	4,020
6	2,120	4,220
7	2,520	8,720
8	2,920	16,120
9	3,320	4,920
10	3,720	11,502

Exercise 5-5 (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 2,040 units are produced.