The controller of Fortnight Company has requested a quick estimate of the manufacturing supplies needed for...
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The controller of Fortnight Company 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 520,000 units to meet the ending inventory requirements and sales of 525,000 units. Fortnight Company's budget analyst has the following actual data for the last three months. Production Manufacturing Month March April May in Units 475,000 590,000 530,000 Supplies $ 698,810 854,060 767,310 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) The controller of Fortnight Company 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 520,000 units to meet the ending inventory requirements and sales of 525,000 units. Fortnight Company's budget analyst has the following actual data for the last three months. Production Manufacturing Month March April May in Units 475,000 590,000 530,000 Supplies $ 698,810 854,060 767,310 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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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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