Caterpillar' executive Manager hasrequested a quick estimate of the productionsupplies needed for the TALABAY for themonth of December when production isplanned to be 470,000 units to meet thedesired ending inventory needs and sales of475,000 units. Caterpillar's budget analysthas the following actual data for the last 3months:MonthProduction in UnitsManufacturing SuppliesAugust$723,060September853,560450,000540,000November480,000766,560Q: Using these data and the high-lowmethod to develop a cost estimatingequation, the estimate of neededmanufacturing supplies for December wouldbe

answer:c=70560+1.45X solution the cost equation will be in the formula of c=a+bX where; c is the…

Answered: Caterpillar' executive Manager has…

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