Required: Williams Incorporated produces fluorescent light bulbs for commercial use. The accounting manager is attempting...
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Accounting
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Williams Incorporated produces fluorescent light bulbs for commercial use. The accounting manager is attempting to estimate the total cost for the next quarter using the high-low method. He has compiled data and found the high and low costs are $10,000 and $6,000, respectively, and the associated cost drivers are 7,000 and 3,000 packs, respectively. What is the value for b (the variable cost per unit)? What is the value for a (the fixed quantity)?
Variable cost per unit ?
Fixed quantity ?
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