The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for July when production is expected to be 470,000 units.Below are actual data from the prior three months of operations:

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.

Question

The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for July when production is expected to be 470,000 units.Below are actual data from the prior three months of operations:

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.

Quizplus · Accepted Answer

The Answer of The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for July when production is expected to be 470,000 units.Below are actual data from the prior three months of operations:

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.

The Controller of Joy Co Has Requested a Quick Estimate