Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:...
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Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($23 per unit) $933,800 Variable expenses: Variable cost of goods sold 609,000 Variable selling expense 121,800 Total variable expenses 730,800 Contribution margin 203,000 Fixed expenses: Manufacturing 142,000 Selling and admihistrative 35,500 Total fixed expenses 177,500 Net operating income $25,500 During November, 35,500 units were manufactured and 8.670 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months The value of the company's inventory on November 30 under absorption costing would be. Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($23 per unit) $933,800 Variable expenses: Variable cost of goods sold 609,000 Variable selling expense 121,800 Total variable expenses 730,800 Contribution margin 203,000 Fixed expenses: Manufacturing 142,000 Selling and admihistrative 35,500 Total fixed expenses 177,500 Net operating income $25,500 During November, 35,500 units were manufactured and 8.670 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months The value of the company's inventory on November 30 under absorption costing would be.
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