Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:
During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable 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:
A) $145,000 profit
B) $125,000 profit
C) $125,000 loss
D) $120,000 profit

Question

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:
  During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable 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:
A) $145,000 profit 
B) $125,000 profit 
C) $125,000 loss 
D) $120,000 profit

Quizplus · Accepted Answer

11ea7761_181c_43d8_81a5_579e858755c4_TB2580_00 11ea7761_181c_43d9_81a5_afe5e5bcd0e0_TB2580_00

Columbia Corporation Produces a Single Product