The Controller of Joy Co Has Requested a Quick Estimate

question 37

Multiple Choice

The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for the Morton Plant for the month of July when production is expected to be 470,000 units to meet the ending inventory requirements and sales of 475,000 units.Joy Co's budget analyst has the following actual data for the last three months. Using the high-low method to develop a cost estimating equation,the estimate of needed manufacturing supplies for July would be (CMA adapted)

• A)$681,500.
• B)$688,750.
• C)$749,180.
• D)$752,060.
• E)$759,310.

---

Definitions:

Correct

Conforming to fact or truth; free from error, in alignment with a standard or expectation.

Shifting Attention

The cognitive process of moving one's focus from one subject or object to another.

Cell Phone Conversations

Verbal communication between individuals through the use of mobile phones, often raising concerns about safety and etiquette in various contexts.

Attention

The mental process of concentrating on specific stimuli while ignoring others, enabling processing of relevant information.