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Required Information [The following Information applies to the questions displayed below.] Felix & Company reports the following Information. Period Units Produced Total Costs 1 0 $ 3,060 2 200 4,140 3 400 5,220 4 600 6,300 5 800 7,380 6 1,000 8,460 7 1,200 9,540 8 1,400 10,620 9 1,600 11,700 10 1,800 12,780 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,060 units are produced. High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume $ 9,720 Highest volume - Lowest volume 0 High-Low method - Calculation of fixed costs Total cost at the highest volume Variable costs at highest volume Highest volume Variable cost per unit Total variable costs at highest volume Total fixed costs Total cost at the lowest volume Variable costs at lowest volume Lowest volume Variable cost per unit Total variable costs at lowest volume Total fixed costs (2) Estimated cost if 3,060 units are produced: Estimated total cost

          Required Information
[The following Information applies to the questions displayed below.]
Felix & Company reports the following Information.
Period Units Produced Total Costs
1 0 $ 3,060
2 200 4,140
3 400 5,220
4 600 6,300
5 800 7,380
6 1,000 8,460
7 1,200 9,540
8 1,400 10,620
9 1,600 11,700
10 1,800 12,780
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 3,060 units are produced.
High-Low method - Calculation of variable cost per unit
Cost at highest volume - Cost at lowest volume $ 9,720
Highest volume - Lowest volume 0
High-Low method - Calculation of fixed costs
Total cost at the highest volume
Variable costs at highest volume
Highest volume
Variable cost per unit
Total variable costs at highest
volume
Total fixed costs
Total cost at the lowest volume
Variable costs at lowest volume
Lowest volume
Variable cost per unit
Total variable costs at lowest
volume
Total fixed costs
(2) Estimated cost if 3,060 units are produced:
Estimated total cost

required information the following information applies to the questions displayed below felix company reports the following information period units produced total costs 1 0 3060 2 200 4140 52344

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