Required information [The following information applies to the questions displayed below.) Felix & Company reports the following information. Total Costa $ 2,580 3,340 4,100 Period 1 2 10 Units Produced 0 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 4,860 5,620 6,380 7,140 7,900 8,660 9,420 (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.
Required information [The following information applies to the questions displayed below.) Felix & Company reports the following information. Total Costa $ 2,580 3,340 4,100 Period 1 2 10 Units Produced 0 400 800 1,200 1,600 2,000 2,400 2,800 3,200 3,600 4,860 5,620 6,380 7,140 7,900 8,660 9,420 (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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period Units Produced
0
400
800
2
5
6
7
8
9
10
1,200
1,600
2,000
2,400
2,800
3,200
3,600
Total Costa
$ 2,580
3,340
4,100
4,860
5,620
6,380
7,140
7,900
8,660
9,420
(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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffab9d651-2bba-4579-9e3b-50cead0ca71b%2F717ada4d-5a08-42b3-a948-21b6ace71d9d%2Fucem0uc_processed.jpeg&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 Units Produced
0
400
800
2
5
6
7
8
9
10
1,200
1,600
2,000
2,400
2,800
3,200
3,600
Total Costa
$ 2,580
3,340
4,100
4,860
5,620
6,380
7,140
7,900
8,660
9,420
(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.
Transcribed Image Text:(1) Use the high-low method to estimate the fixed and variable comments of total costs.
(2) Estimate total costs if 3,000 units are produced.
High-Low method - Calculation of variable cost per unit
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
High-Low method - Calculation of fixed costs
Variable cost per unit
Total variable costs at the low point
Total fixed costs
(2) Estimated cost if 3,000 units are produced:
Estimated total cost
0
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