Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: During November, 35,710 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:
A) $73,660 profit
B) $50,890 profit
C) $35,710 profit
D) $50,890 loss

Question

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:  During November, 35,710 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:
A) $73,660 profit 
B) $50,890 profit 
C) $35,710 profit 
D) $50,890 loss

Quizplus · Accepted Answer

The Answer of Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:  During November, 35,710 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:
A) $73,660 profit 
B) $50,890 profit 
C) $35,710 profit 
D) $50,890 loss

Columbia Corporation Produces a Single Product