Please do not give solution in image format thanku sRequired information(1) Use the high-low method to estimate the fixed and variable components of total costs.(2) Estimate total costs if 3,390 units are produced.High-Low method - Calculation of variable cost per unitTotal cost at the highest volumeVariable costs at highest volume -Highest volumeVariable cost per unitTotal variable costs at highest volumeTotal fixed costsTotal cost at the lowest volumeVariable costs at lowest volumeLowest volumeVariable cost per unitTotal variable costs at lowest volumeHigh-Low method - Calculation of fixed costsTotal fixed costs(2) Estimated cost if 3,390 units are produced:Estimated total cost !Required informationUse the following information for the Exercises below. (Algo)[The following information applies to the questions displayed below]Felix & Company reports the following information.Total Costs$ 4,7604,0604,4605,060Period Units Produced1023455679106601,0601,4601,8602,2602,6603,0603,4603,8604,1604,360Total cost at the highest volume8,86016,2605,06013,252Exercise 21-5 (Algo) Measuring costs using high-low method LO P1(1) Use the high-low method to estimate the fixed and variable components of total costs.(2) Estimate total costs if 3,390 units are produced.High-Low method - Calculation of variable cost per unitHigh-Low method - Calculation of fixed costs< Prev4 of 17Next >0Ch

The costs incurred for the production are classified as fixed and variable costs. The high-low…

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Felix & Company reports the following information. Period Units Produced Total Costs 1 e $ 4,760 2 660 3 4 5 6 7 8 9 10 1,060 1,460 1,860 2,260 2,660 3,060 3,460 3,860 4,060 4,460 5,060 4,160 4,360 8,860 16,260 5,060 13,252 Exercise 21-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,390 units are produced.

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Felix & Company reports the following information. Period Units Produced Total Costs 1 e $ 4,760 2 660 3 4 5 6 7 8 9 10 1,060 1,460 1,860 2,260 2,660 3,060 3,460 3,860 4,060 4,460 5,060 4,160 4,360 8,860 16,260 5,060 13,252 Exercise 21-5 (Algo) Measuring costs using high-low method LO P1 (1) Use the high-low method to estimate the fixed and variable components of total costs. (2) Estimate total costs if 3,390 units are produced.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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