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.

The controller of Joy Co has requested a quick estimate 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: March April |May Production in units Manufacturing supplies 450,000 $723,060 540.000 853,560 480,000 766.5601 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.) Multiple Choice $752,060 $805,284 a $1,188.756. $755,196

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