Felix & Company reports the following information. Total Costs $ 2,500 3,100 Period 1 56769sAWNH 2 4 8 10 Units Produced e 480 880 1,200 1,600 2,000 2,400 2,800 3,200 3,600 3,780 4,300 4,900 5,500 6,100 6,780 7,300 7,980 (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. Total cost at the highest volume High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs
Felix & Company reports the following information. Total Costs $ 2,500 3,100 Period 1 56769sAWNH 2 4 8 10 Units Produced e 480 880 1,200 1,600 2,000 2,400 2,800 3,200 3,600 3,780 4,300 4,900 5,500 6,100 6,780 7,300 7,980 (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. Total cost at the highest volume High-Low method - Calculation of variable cost per unit Cost at highest volume - Cost at lowest volume Highest volume - Lowest volume High-Low method - Calculation of fixed costs
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help with the attached.
![Required Information
[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period
1
2
3
4
5
6
7
8
9
10
Units Produced
0
400
880
1,200
1,600
2,000
2,400
2,800
3,200
3,600
Total Costs
$ 2,500
Total cost at the highest volume
Variable costs at highest volume
Highest volume
Variable cost per unit
Total variable costs at highest volume
Total fixed costs
3,100
3,700
Total cost at the lowest volume
Variable costs at lowest volume
Lowest volume
Variable cost per unit
Total variable costs at lowest volume
4,300
4,980
5,500
6,100
(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.
6,790
7,300
7,900
Cost at highest volume - Cost at lowest volume
Highest volume - Lowest volume
High-Low method - Calculation of variable cost per unit
High-Low method - Calculation of fixed costs
Total fixed costs
(2) Estimated cost if 3,000 units are produced:
Estimated total cost
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71ce8e5a-a520-47c6-9f2e-d028b6184b03%2F8b744d1e-c6ef-49a3-a029-c7cb1b405212%2Feppzo7_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period
1
2
3
4
5
6
7
8
9
10
Units Produced
0
400
880
1,200
1,600
2,000
2,400
2,800
3,200
3,600
Total Costs
$ 2,500
Total cost at the highest volume
Variable costs at highest volume
Highest volume
Variable cost per unit
Total variable costs at highest volume
Total fixed costs
3,100
3,700
Total cost at the lowest volume
Variable costs at lowest volume
Lowest volume
Variable cost per unit
Total variable costs at lowest volume
4,300
4,980
5,500
6,100
(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.
6,790
7,300
7,900
Cost at highest volume - Cost at lowest volume
Highest volume - Lowest volume
High-Low method - Calculation of variable cost per unit
High-Low method - Calculation of fixed costs
Total fixed costs
(2) Estimated cost if 3,000 units are produced:
Estimated total cost
0
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