# Felix & Co. reports the following information about its sales and cost of sales. Draw an estimated…

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Felix & Co. reports the following information about its sales and cost of sales. Draw an estimated… 1 answer below » Felix & Co. reports the following information about its sales and cost of sales. Draw an estimated line of Vcost behavior using a scatter diagram, and compute fixed costs and variable costs per unit sold. Then use the high-low method to estimate the fixed and variable components of the cost of sales. View complete question » Period Units Sold Cost of Sales Period Units Sold Cost of Sales 1 0 \$2,500 6 2,000 5,500 2 400 3,100 7 2,400 6,100 3 800 3,700 8 2,800 6,700 4 1,200 4,30 Felix & Co. reports the following information about its sales and cost of sales. Draw an estimated line of Vcost behavior using a scatter diagram, and compute fixed costs and variable costs per unit sold. Then use the high-low method to estimate the fixed and variable components of the cost of sales. Period Units Sold Cost of Sales Period Units Sold Cost of Sales 1 0 \$2,500 6 2,000 5,500 2 400 3,100 7 2,400 6,100 3 800 3,700 8 2,800 6,700 4 1,200 4,300 9 3,200 7,300 5 1,600 4,900 10 3,600 7,900 View less » Jul 24 2014 07:49 AM

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