Question: Felix & Co. reports the following information about its unit sales and cost of sales. Period Period 1 6 2 3 Units Sold 0 600

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

Felix & Co. reports the following information about its unit sales and cost of sales. Period Period 1 6 2 3 Units Sold 0 600 1,000 1,400 1,800 Cost of Sales $ 2,700 3,780 4,500 5,220 5,940 Units Sold 2,200 2,600 3,000 3,400 3,800 Cost of Sales $6,660 7,380 8,100 8,820 9,540 4 8 9 10 5 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

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