Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Felix & Company reports the following information. Period. Units Produced Total Costs 1 $ 4,760 2 660 4,060 3456N 1,060 4,460 1,460 5,060 1,860 4,1601 2,260 4,360 7 2,660 8,860 3,060 16,260 3,460 5,060 10 3,860 13,252 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 3,390 units are produced. High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume $ 8,492 Highest volume - Lowest volume High-Low method - Calculation of fixed costs Total cost at the highest volume 0