Business, 05.05.2020 05:18 shafferakr6

The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for the month of July, when production is expected to be 630,000 units to meet the ending inventory requirements and sales of 635,000 units. Fortnight Co.'s budget analyst has the following actual data for the last three months. Month Production in Units Manufacturing Supplies March 530,000 $ 659,660 April 700,000 855,160 May 640,000 768,960 Using the high-low method to develop a cost estimating equation, the total estimated cost of needed manufacturing supplies for July would be: (CMA adapted) Multiple Choice $724,500. $730,250. $780,410. $774,660.

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The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed...

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