Use the formation on 34 Presented below is the production data for the time of the year for the mic incurred by London Company Month COM Unit January 57310 12100 February 10 9.600 March 97300 15.000 April 113.000 23 May 87.000 14.00 Jone 110010 19.00 London Company was the high-low method to analyze mixed costs The cost function would be stated as y $6,600 + 55.60) b y = 553,448 +50.72(X) cy=$1.608 + $6.12() d y=$17,78) + ti 3 ) 35 The total cost at an operating level of 15.000 units would be 593,408 b. $127,650 c. $64.248 d. $90,600 36 Wilson Company has annual fixed cost equal to $340,000. It sells one kind of product for $100. It has a contribution margin percentage equal to 40 percent. Its breakeven point in units is a 3.400 b. 5,666 c. 8.500 d. none of the above 37 There was no beginning work in process inventory and no ending work in process inventory Direct materials are added at the beginning of the production process. Under the weighted average process costing method, the number of equivalent units for direct materials is a. equal to the units started and transferred in b. equal to the units completed c. less than the units completed d. both answer a and b are correct 38 A variance is considered to be the required number of inputs for one unit of output the difference between an actual result and a budgeted amount c. actual costs plus budgeted costs d. all of the above 7