The following data pertains to activity and utility cost for two recent periods: Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: Y = $1.00 X Y = $1.25 X Y = $4,000 + $0.50 X Y = $1, 500 + $1.25 X What is the difference between variable and absorption costing? In variable costing fixed overhead is a product cost In variable costing fixed overhead is a period cost In absorption costing fixed overhead is a period cost In variable costing all overhead is a product cost Use the following information to answer questions 10-12 Sales Price = $120 Variable manufacturing costs = $48 Commission = 10% of sales Fixed Expenses = $240,000 What is the break-even point in units? 4, 200 units 4,000 units 6.000 units none of the above