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Best estimate of the cost of manufacturing supplies

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Reference no: EM133216283

The controller of JoyCo has requested a quick estimate of the manufacturing supplies needed for the month of July when production is expected to be 470,000 units. Below are actual data from the prior three months of operations.

Production in units

Manufacturing supplies

March

450,000

$723,060

April

540,000

853,560

May

480,000

766,560

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

Reference no: EM133216283

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