Question: Please include all calculations so that I know how you got your answer! Thank you! Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1

Please include all calculations so that I know how you got your answer! Thank you!

Please include all calculations so that I know how you got your

answer! Thank you! Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO

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. Period 1 2 3 4 5 Units Produced 0 590 990 1,390 1,790 Total Costs $2,690 3,290 3,890 4,490 5,090 Period 6 7 8 9 10 Units Produced 2,190 2,590 2,990 3,390 3,790 Total Costs $5,690 6,290 6,890 7,490 8, 754 Estimate total costs if 3,190 units are produced. 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 0 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 Estimated total cost

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