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 $92,500 and $60,100, respectively, and the associated cost drivers are 7,000 and 3,400 packs, respectively. what is the value for b (the variable cost per unit)? what is the value for a (the fixed quantity)?

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000