1) Explain the difference between variable costing and full costing. 2 Explain why income computed under full costing will exceed income computed under vari- able costing if production exceeds sales. 3.) What are the benefits of variable costing for internal reporting purposes? 5. Explain why the ending inventory balance (assuming it is not zero) computed under full cost- ing will always be greater than the ending inventory balance computed under variable costing. 7.If a company produces less than it sells (the extra units sold are from beginning inventory), which method of computing net income will result in the higher net income? Why? 8.Explain how fixed manufacturing costs are treated under variable costing. How are fixed man- ufacturing costs treated under full costing? 10. Explain how a manufacturing company can "bury" fixed production costs in ending inventory under full costing