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 1 Units Produced Total Costs 10 234567890 0 400 $ 2,550 3,310 800 4,070 1,200 4,830 1,600 5,590 2,000 6,350 2,400 7,110 2,800 7,870 3,200 8,630 3,600 9,390 Exercise 18-5 (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 3,000 units are produced. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point < Prev 1 of 1 Next >