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Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:Columbia Corporation produces a single product. The company's variable costing

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:
During November, 35,320 units were manufactured and 8,490 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.
Under absorption costing, for November the company would report a:
During November, 35,320 units were manufactured and 8,490 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. 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 ($18 per unit) $ 738,000
Variable expenses:
Variable cost of goods sold 410,000
Variable selling expense 123,000
Total variable expenses 533,000
Contribution margin 205,000
Fixed expenses:
Manufacturing 141,280
Selling and administrative 35,320
Total fixed expenses 176,600
Net operating income $ 28,400
During November, 35,320 units were manufactured and 8,490 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.
Under absorption costing, for November the company would report a:
Multiple Choice
$5,680 loss
$5,680 profit
$35,320 profit
$28,400 profit
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