Columbia Corporation Produces a Single Product

question 330

Multiple Choice

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 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) $145,000 profit
• B) $125,000 profit
• C) $125,000 loss
• D) $120,000 profit

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Definitions:

Posterior Tibial Artery

A major artery of the lower leg, supplying blood to the posterior compartment of the leg and plantar surface of the foot.

Thoracic Aorta

The portion of the aorta passing through the chest, from which arise the branches that supply oxygenated blood to the chest cage and organs within the thorax.

Abdominal Aorta

The main artery that runs down the abdomen and supplies blood to the organs and tissues of the abdomen.

Aortic Arch

The portion of the main artery that bends between the ascending and descending aorta, distributing blood to the head, neck, and arms.