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.#VALUE!Question $4$

Under $100\%$ sales assumption, using absorption costing, the ending Inventory balance is$?$

Question $5$

Under $75\%$ sales assumption, using absorption costing, the ending Inventory balance is$?$

Question $6$

Under $75\%$ sales assumption, using variable costing, the ending Inventory balance is$?$Question $7$

Under $75\%$ sales assumption, using variable costing, the ending Inventory balance can be

calcualted by:

$(150,000+75,000+25,000)25\%$

True

False

Question $8$

Under $75\%$ sales assumption, using variable costing, the variable product cost balance can be

calcualted by:

$(150,000+75,000+25,000)25\%$

True

FalseQuestion $9$

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 $10$

Under Variable Costing, if a company produces more and sales less:

The Net Income is LESS and the End Inventory is LESS.

True

False