The controller of ABC Company that produces face masks has requested a quick estimate of the manufacturing supplies needed for its plant for the month of April. When production is expected to be at 470,000 units. Their high-low method used in estimating manufacturing supplies determined that fixed costs part of expenses is P70,560 and the variable cost per unit is P1.45 per unit. How much is the estimated manufacturing supplies for April? 1. P 652,500 2. P 681,500 3. P 749,180 4. P 752,060 O 1 O 2 0 4

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The controller of ABC Company that produces face masks has requested a
quick estimate of the manufacturing supplies needed for its plant for the
month of April. When production is expected to be at 470,000 units. Their
high-low method used in estimating manufacturing supplies determined that
fixed costs part of expenses is P70,560 and the variable cost per unit is P1.45
per unit. How much is the estimated manufacturing supplies for April?
1. P 652,500
2. P 681,500
3. P 749,180
4. P 752,060
O 1
O 2
3
O 4
Transcribed Image Text:The controller of ABC Company that produces face masks has requested a quick estimate of the manufacturing supplies needed for its plant for the month of April. When production is expected to be at 470,000 units. Their high-low method used in estimating manufacturing supplies determined that fixed costs part of expenses is P70,560 and the variable cost per unit is P1.45 per unit. How much is the estimated manufacturing supplies for April? 1. P 652,500 2. P 681,500 3. P 749,180 4. P 752,060 O 1 O 2 3 O 4
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