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What is the total estimated cost? Felix & Co. reports the following information about its units produced and total costs. Units Units Period Period Total
What is the total estimated cost?
Felix & Co. reports the following information about its units produced and total costs. Units Units Period Period Total Costs Produced Total Costs Produced $2,600 3,200 3,800 4,400 5,000 2,100 2,500 2,900 3,300 3,700 $5,600 6,200 6,800 7,400 9,630 1 0 6 2 500 7 3 900 8 4 1,300 1,700 9 10 5 Estimate total costs if 3,100 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method - Calculation of variable cost per unit $ 7,030 Cost at high point minus cost at low point Change in cost Variable cost per unit = 1.90 Change in volume Volume at high point minus volume at low point 3,700 High-Low method - Calculation of fixed costs Total cost at the high point $ 9,630.00 Variable costs at the high point Volume at the high point: 3,700 units Variable cost per unit $ 1.90 Total variable costs at the high point 7,030.00 Total fixed costs $ 2,600.00 Total cost at the low point $ 2,600.00 Variable costs at the low point: 0units Volume at the low point: Variable cost per unit $ 1.90 Total variable costs at the low point 0.00 $ Total fixed costs 2,600.00 Estimated total costStep by Step Solution
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