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 areactual data from the prior three months of operations:MarchAprilMayMultiple Choice$752,060Production in units$755,196450,000540,000480,000Using 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 activityis within the relevant range.)Manufacturing supplies$723,060853,560766,560

The high-low method is used to differentiate the mixed costs. The mixed cost is the combination 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 Multiple Choice Production in units $752,060 450,000 540,000 480,000 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.) Manufacturing supplies $723,060 853,560 766.560

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 Multiple Choice Production in units $752,060 450,000 540,000 480,000 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.) Manufacturing supplies $723,060 853,560 766.560

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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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? P 652,500 P 681,500 P 749,180 P 752,060 Group of answer choices 1 2 3 4
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