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Question 1: The controller of VH 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. 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.
Option 1: P752,060
Option 2: P755,196
Option 3: P805,284
Option 4: P1,188,756
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