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Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its units produced and total costs. Units Produced Units Produced 2,020 2,420 2,820 3,220 3,620 Period 1 2 3 Total Costs $2,520 3,120 3,720 4,320 4,920 Period Total Costs $5,520 6,120 6,720 7,320 8,674 0 6 420 820 1,220 1,620 7 8 4 9 10 5 Estimate total costs if 3,020 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales using the high-low method. Answer is complete but not entirely correct. High-Low method- Calculation of variable cost per unit Change in sost Cost at high point minus cost at low point Variable cost per unit 1.70 6.154 Change in volume Volume at high point minus volume at low point 3.620 High-Low method-Calculation of fixed costs Total cost at the high point 8,674.00 Variable costs at the high point Volume at the high point 3.620 uits Prev 2 of 10 Next> Q Search or enter address % & 2 3 6 7 W Y S D J K X V B N I Answer is compiete out not entirey correct. High-Low method- Calculation of variable cost per unit Change in cost Variable cost per unit Cost at high point minus cost at low point 6.154 1.70 Change in volume Volume at high point minus volume at low point 3,620 High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point 8,674.00 Volume at the high point units 3,620 Variable cost per unit 1.70 Total variable costs at the high point Total fixed costs 6,154.00 2,520.00 Total cost at the low point Variable costs at the low point Volume at the low point 2,520.00 0 units Variable cost per unit 1.70 Total variable costs at the low point 0,00 Total fixed costs 2,520.00 Estimated total cost 2 of 10 Q Search or enter address & $ 2 4 5 7 R T Y J K D N M V I |S

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