Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can you please solve this question and answer the questions like Q1) true Q2) False until Q10 Please i would really appreciate it. thank you
can you please solve this question and answer the questions like Q1) true Q2) False until Q10 Please i would really appreciate it. thank you
XYZ Company anticipates the following costs during the first year of operations. The company is attempting to project profitability if 100% of production is sold, and if 75% of production is sold. Use the pick lists associated with the boxed areas to select amounts for each cost category in the absorption and variable costing income statements that follow. Correct selections will turn the boxed areas green. Afterwards, answer the questions at the bottom of the spreadsheet. Under 100% sales assumption, using absorption costing, the COGS is calculated by adding Direct Material (DM), Direct Labor (DL), and Fixed Overhead (FOH). True False Question 2 2 pts Under 100% sales assumption, using absorption costing, the SG\&A is calculated by adding Fixed SG\&A, Variable SG\&A, and Fixed Overhead (FOH). True False Question 3 2 pts Under 75% sales assumption, using absorption costing, the COGS is calculated by adding Direct Material (DM), Direct Labor (DL), Variable Overhead (VOH), and Fixed Overhead (FOH) multiply by 75%. True False Question 4 2 pts Under 100% sales assumption, using absorption costing, the ending Inventory balance is? Under 75% sales assumption, using absorption costing, the ending Inventory balance is? Question 6 2 pts Under 75% sales assumption, using variable costing, the ending Inventory balance is? Question 7 2pts Under 75% sales assumption, using variable costing, the ending Inventory balance can be calcualted by: (150,000+75,000+25,000)25% True False Under 75% sales assumption, using variable costing, the variable product cost balance can be calcualted by: (150,000+75,000+25,000)25% True False Question 9 2 pts Under 75% sales assumption, using variable costing, the contribution margin balance can be calcualted by: Net Sales Less: (150,000+75,000+25,000)75% Less: 450,00010% True False Under 75% sales assumption, using variable costing, the contribution margin balance can be calcualted by: Net Sales Less: (150,000+75,000+25,000)75% Less: 450,00010% True False Question 10 2 pts Under Variable Costing, if a company produces more and sales less: The Net Income is LESS and the End Inventory is LESS. True Faise Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started