Requlred Information

Use the following information for the Exercises below. $($Algo$)$

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Felix & Company reports the following information.

Exercise $18-5($Algo$)$ Measuring costs using high$-$low method LO P$1$

$(1)$ Use the high$-$low method to estimate the fixed and variable components of total costs.

$(2)$ Estimate total costs if $3,000$ units are produced.