menu
Sign up

The Controller of Joy Co Has Requested a Quick Estimate

Question 22
Multiple Choice

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: img 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.

Related questions
Q 23
Which of the following concepts used in estimating cost behaviour is unique to the least-squares regression method? A) Independent variable. B) Dependent variable. C) R-squared. D) Variable cost per unit.
Q 24
Given the cost formula Y = $15,000 + $5X,what is the total cost at an activity level of 8,000 units? A) $15,000. B) $23,000. C) $40,000. D) $55,000.
Q 25
Given the cost formula Y = $12,000 + $6X,what is the total cost at an activity level of 8,000 units? A) $12,000. B) $20,000. C) $48,000. D) $60,000.
logo
© 2020-2021 Cozyplus FZ LLC. All rights reserved