Felix & Co. reports the following information about its unit sales and cost of sales...
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Felix & Co. reports the following information about its unit sales and cost of sales Period Units sold Cost of Sales Period Units Sold $2,700 3,780 4,500 5,220 5,940 2, 200 2,600 3,000 3,400 3,800 Cost of Sales $6,660 7,380 8,100 8,820 9,540 7 600 1,000 1,400 1,800 4 10 Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.) 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 High-Low method-Calculation of fixed costs Change in cost Change in volume Total cost Total volume Total fixed costs Total cost at the low point Variable costs at the low point Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs Felix & Co. reports the following information about its unit sales and cost of sales Period Units Sold Cost of Sales $2,700 3,780 4,500 5,220 5,940 Units Sold Cost of Sales $6,660 7,380 8,100 8,820 9,540 Period 6 600 1,000 1,400 1,800 2,200 2,600 3,000 3,400 3,800 4 9 10 Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.) 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 Cost at high point minus cost at low point Total cost at the high point Variable costs at the high poinCost at low point minus cost at high point Volume at the high pointVolume at high point minus volume at low point Variable cost per unit Volume at low point minus volume at high point Total variable costs at the high p 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 High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point Variable cost per unit Total variable costs at the low point Total fixed costs
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