Question: Required information Skip to question [ The following information applies to the questions displayed below. ] Felix & Company reports the following information. Period Units

Required information
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[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period Units Produced Total Costs
10 $ 2,780
28003,580
31,6004,380
42,4005,180
53,2005,980
64,0006,780
74,8007,580
85,6008,380
96,4009,180
107,2009,980
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 2,780 units are produced.

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