Solved: He has also determined the variable cost to be 500 per pack, Accounting Basics

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He has also determined the variable cost to be 500 per pack

Williams Inc. produces fluorescent lightbulbs 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 $68,000 and $44,500, respectively, and the associated cost drivers are 9,000 and 4,300 packs, respectively. He has also determined the variable cost to be $5.00 per pack. What is the value for a (the fixed quantity)?

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Accounting Basics: He has also determined the variable cost to be 500 per pack

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