newconnectiheducatonoom Homework Felix Co reports the follo

newconnectiheducatonoom Homework Felix & Co. reports the following information about its unit sales and cost of sales. $6,604 7,324 8,044 8,764 9,484 $2,680 3,724 2,580 2,980 , 380 3.780 580 1,380 ,780 5,164 5,884 Hint: (Draw an estimated line of cost behavior using a scatter diagram offine.) Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method 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 fxed costs Total cost al 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 Exed costs

Solution

High low cost method Cost at 3780 units 9484 Cost at 0 units 2680 Highest reports 3780 Lowest reports 0 Variable cost per unit = (9484-2680)/(3780-0) 1.8 Per unit Fixed cost = 9484 -3780*1.8 2680