Shown below are units produced and total manufacturing costs for the past four months at Minda Manufacturing Corporation:                                                 Units Produced          Total Cost Jul                                              120                          P446,000 Aug                                            150                          P508,000 Sep                                            180                          P638,000 Oct                                             170                          P668,000 What is Minda's cost formula for total manufacturing costunder the high-low method?

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.