Question
The controller of JoyCo has requested a quick estimate of the manufacturing supplies needed for the month of July when production is expected to be
The controller of JoyCo has requested a quick estimate of the manufacturing supplies needed for the month of July when production is expected to be 470,000 units. Below are actual data from the prior three months of operations. Production in units Manufacturing supplies March April 450,000 $723,060 540,000 853,560 May 480,000 766,560 Using these data and the high-low method, what is the best estimate of the cost of manufacturing supplies that would be needed for July? (Assume that this activity is within the relevant range.) A) $752,060 B) $755,196 C) $805,284 D) $1,188,756
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