Answered step by step
Verified Expert Solution
Question
1 Approved Answer
multiple choice of a) 70,120 profit b) 14,680 profit c) 36700 profit d) 14,680 profit Columbia Corporation produces a single product. The company's variable costing
multiple choice of a) 70,120 profit b) 14,680 profit c) 36700 profit d) 14,680 profit Columbia Corporation produces a single product. The company's variable costing Income statement for November appears below. 16 (8 03701 Columbia Corporation Income Statement For the Month ended November 30 Sales ($22 per unit) $932,800 Variable expenses Variable cost of goods sold 593,600 Variable selling expense 127,200 Total variable expenses 720,800 Contribution margin 212,000 Fixed expenses: Manufacturing 105,180 Selling and administrative 70. 120 Total fixed expenses 175,300 Net operating income $36.700 During November 25.060 units were manufactured and 8.360 units were in beginning inventory Variable production costs per un total fed manufacturing expenses, and the number of units produced were the same in prior months Under absorption costing, for November the company would report Muse Choice
multiple choice of
a) 70,120 profit
b) 14,680 profit
c) 36700 profit
d) 14,680 profit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started