TB MC Qu. 6-108 Columbia Corporation produces ... Columbia Corporation produces a single product. The companys variable costing income statement for November appears below $854.000 Columbia Corporation "Income Statement For the Month ended November 30 Sales ($20 per unit) Variable expensest Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: Manufacturing Selling and administrative Total fixed expenses Net operating income 555, 100 128.100 683,200 170,800 105,570 35, 190 140,760 $ 30.040 During November, 35190 units were manufactured and 8,750 units were in beginning inventory Variable production costs per un total fixed manufacturing expenses and the number of units produced were the same in prior months Under absorption costing for November the company would reporta During November, 35,190 units were manufactured and 8.750 units were in beginning inventory. Variab the number of units produced were the same in prior months Under absorption costing, for November the company would report a: Multiple Choice $35,190 profit $7,510 loss $30,040 profit $7,510 profit