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Item 3

Item 3 10 points

Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1

Felix & Co. reports the following information about its unit sales and cost of sales.

Period		Units Sold				Cost of Sales					Period				Units Sold				Cost of Sales
1			0				$	2,510				6				2,010				$	6,128
2			410					3,248				7				2,410					6,848
3			810					3,968				8				2,810					7,568
4			1,210					4,688				9				3,210					8,288
5			1,610					5,408				10				3,610					9,008

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 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