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The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for the month of July, when

The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for the month of July, when production is expected to be 620,000 units to meet the ending inventory requirements and sales of 625,000 units. Fortnight Co.'s budget analyst has the following actual data for the last three months.

Month

Production in Units

Manufacturing Supplies

March

525,000

$

673,560

April

690,000

855,060

May

630,000

768,810

Using the high-low method to develop a cost estimating equation, the total estimated cost of needed manufacturing supplies for July would be: (CMA adapted

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