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Required information [The following information applies to the questions displayed below.] Felix \& Company reports...

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Accounting

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Required information [The following information applies to the questions displayed below.] Felix \& Company reports the following information. (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,390 units are produced. \begin{tabular}{|l|l|} \hline \\ \hline Total cost at the highest volume \\ \hline Variable costs at highest volume \\ \hline Highest volume \\ \hline Variable cost per unit \\ \hline Total variable costs at highest volume \\ \hline Total fixed costs \\ \hline Total cost at the lowest volume \\ \hline Variable costs at lowest volume \\ \hline Lowest volume \\ \hline Variable cost per unit \\ \hline Total variable costs at lowest volume \\ \hline Total fixed costs \\ \hline (2) Estimated cost if 3,390 units are produced: \\ \hline Estimated total cost \\ \hline \end{tabular}

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