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Columbia Corporation produces a single product. The company's...

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Accounting

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Columbia 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 ($19 per unit) $811,300 Variable expenses: Variable cost of goods sold 512,400 Variable selling expense 85,400 Total variable expenses 597,800 Contribution margin 213,500 Fixed expenses! Manufacturing 143,640 Selling and administrative 35,910 Total fixed expenses 179,550 $ 33,950 Net operating income During November, 35,910 units were manufactured and 8.210 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 Multiple Choice $6.790 pro $6.790 loss Prev 40211 Next > Multiple Choice $6,790 profit $6.790 loss $33,950 profit $35,910 profit

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