Change all of the numbers in the data area of your worksheet so that it looks like this:

$\backslash$table$[[,$A$,$B$,$C$],[1,$Chapter $6$: Applying Excel,,$],[2,,,],[3,$Data,,$],[4,$Selling price per unit,$ $296,\backslash ],[5,$Manufacturing costs:,,$],[6,$Variable per unit produced:,,$],[7,$Direct materials,$ $140,],[8,$Direct labor,$ $73,],[9,$ Variable manufacturing overhead,$ $29,],[10,$Fixed manufacturing overhead per year,$ $82,800,],[11,$Selling and administrative expenses:,,$],[12,$Variable per unit sold,$ $5,],[13,$Fixed per year,$ $48,000,],[14,,,],[15,,$Year $1,$Year $2],[16,$Units in beginning inventory,$0,],[17,$Units produced during the year,$2,300,1,800],[18,$Units sold during the year,$2,000,2,000]]$

If your formulas are correct, you should get the correct answers to the following questions.

A$.$ What is the net operating income$($loss$)$ in year $1$ under absorption costing?

B$.$ What is the net operating income$($loss$)$ in year $2$ under abosorption costing?

C$.$ What is net operating income$($loss$)$ in year $1$ under variable costing?

D$.$ What is net operating income $($loss$)$ in year $2$ under variable costing?

E$.$ Select all right answers, the net operating Income loss under absorption costing is less than the net operating income loss under variable costing in year two because note you may select more than one answer single click the box with? To produce a checkmark for a correct answer and double click the box with? To empty the box for a wrong answer any boxes left with a question mark will be automatically graded as incorrect A$.)$ Units were left over from previous years B$.)$the cost of good sold is always less under variable costing than under absorption costing C$.)$ sales exceeded production so some of the fixed manufacturing overhead of the period was released from inventories under absorption costing

F$.$ What is net operating income$($loss$)$ in year $2$ under absorption costing? Answer all wuestions please