Columbla 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 ($20 per unit) Variable expenses: $854,000 Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: 555, 100 128,100 683,200 170,800 Manufacturing Selling and administrative 105,570 35,190 140,760 30,040 Total fixed expenses Net operating income During November, 35,190 units were manufactured and 8,750 units were in beginning inventory. Varlable production costs have remained constant on a per unit basis over the past several months. Under absorption costing, for November the company would report a: Multiple Choice $7510 profft $30,040 profit $7,510 loss $35,190 profit