Alpha Corporation produces a single product. The company's variable costing income statement for November appears below: Alpha Corporation Income Statement For the Month ended November 30 Sales ($20 per unit) Variable expenses: $ 800,000 Variable cost of goods sold 480,000 Variable selling expense Total variable expenses Contribution margin Fixed expenses: Manufacturing Selling and administrative Total fixed expenses 100.000 580.000 -220,000 100,000 40.000 140,000 Net operating income SL80.000 During November, 50,000 units were manufactured, and 5,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. 1. The value of the company's inventory on November 30 under absorption costing would be: A) $180,000 B) $210,000 C) $262,500 D) $277,500 2. Under absorption costing, for November the company would reporta A) $140,000 profit B) $100,000 profit C) $100,000 loss D) S 80,000 profit Boersma Sales, Inc., a merchandising company, reported sales of 7,100 units in September at a selling price of $682 per unit. Cost of goods sold, which is a variable cost, was $317 per unit. Variable selling expenses were $44 per unit and variable administrative expenses were $22 per unit. The total fixed selling expenses were $157,200 and the total administrative expenses were $338,000. 3) The contribution margin for September was: A) $3,878,400 B) $2,122,900 C) $2,591,500 D) $1,627,700 4) The gross margin for September was: A) $2,122,900 B) $2,591,500 C) $1,627,700 D) $4,347,000