1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uysha [10]
3 years ago
6

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu

mbia Corporation Income Statement For the Month ended November 30 Sales ($18 per unit) $ 765,000 Variable expenses: Variable cost of goods sold 467,500 Variable selling expense 127,500 Total variable expenses 595,000 Contribution margin 170,000 Fixed expenses: Manufacturing 105,360 Selling and administrative 35,120 Total fixed expenses 140,480 Net operating income $ 29,520 During November, 35,120 units were manufactured and 8,650 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) $4,850 profit(B) $4,850 loss(C) $35,750 profit(D) $19,400 profit
Business
1 answer:
Illusion [34]3 years ago
4 0

Answer:

Hie, there is <em>no correct answer</em> from the Options provided.

The Net Profit Under absorption costing, for November would be $7,460.

This is can be calculated from reconciling the Variable Costing profit to Absorption Costing profit or Alternatively from Preparing Absorption costing statement as shown below:

<u>Absorption Costing Income Statement for November.</u>

Sales                                                                           765,000

Less Costs of Goods Sold

Opening Stock (8,650×14)                       121,100

Add Cost of Manufacture (35,120×14)  491,600

Less Closing Stock (1270×14)                  (17,780)    594,920

Gross Profit                                                                170,080

Less Expenses

Variable selling expense                                           127,500

Fixed Selling and administrative                                35,120

Net Income / loss                                                            7,460

You might be interested in
Why can it be difficult to use the indirect approach for a complex message that will be read on mobile devices?
frutty [35]

Mobile advertising is an internet marketing platform directed towards a certain target market using their mobile phones and tablets. The approach is centered on connecting with clients via email, SMS, MMS, social media, and mobile applications.

Mobile advertising is a multi-channel, digital marketing strategy that uses websites, emails, SMS and MMS, social media, apps, and other mobile devices to connect with a target audience.

Promotions provided by SMS text messaging, MMS multimedia messaging, downloaded apps using push notifications, in-app or in-game marketing, mobile websites, or by using a media to scan QR codes are all examples of mobile advertising.

To learn more about marketing, click here.

brainly.com/question/13414268

#SPJ4

8 0
1 year ago
A property valued at $1 million is returning a net annual income of $85,000. what's its cap rate?
leva [86]
8.5% :))))))))))))))))))))
4 0
1 year ago
Due to technological changes in the nature of work and global competition, the Dictionary of Occupational Titles (DOT) has been
zysi [14]

Answer:

a. True

Explanation:

DOT stands for the Dictionary of Occupational Titles. It is the publication which was produced by the Department of Labor of the United States of America for the working people that helped the employers, the government officials, and the other workforce development professionals in order to define over 13,000 different types of work from 1938 to the late 1990s.

But now, due to the advancement in technologies and change in the nature of job of many works the previous publication was replaced by the new Occupational Information Network which suits with todays technology and development in the working conditions. It is shortly known as the O*NET.

Hence the answer is TRUE.

4 0
3 years ago
Pizza ltd. leased equipment from Tasty Company under a four-year lease requiring equal annual payments of sh.86, 038, with the f
adoni [48]

Answer:

Sh. 300,001.60

Explanation:

Note: <em>Missing word has been attached</em>

Particulars                                                     Amount

Annual payments                                          86,038

x PV Annuity due 8%, 10 periods                 3.48685

Amount recorded for the leased asset      300,001.60

8 0
2 years ago
Tax a tax adjustment must be made in determining the cost of
RUDIKE [14]
This isn't even a question
4 0
3 years ago
Other questions:
  • When a deliverable arrived, Craig met with the team member responsible
    7·1 answer
  • Fact Pattern: Jackson Industries employs a standard cost system in which direct materials inventory is carried at standard cost.
    5·1 answer
  • Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to issue 53,000 shares.
    14·1 answer
  • If a quota is set above the equilibrium quantity, there will be: missed opportunities in the form of mutually beneficial transac
    15·1 answer
  • The existence of trade for country that has developed an expertise or reputation for quantity in the production of a particular
    15·1 answer
  • ________ marketing calls for socially and environmentally responsible actions that meet the present needs of consumers and busin
    11·1 answer
  • 4. A company makes bicycles. It produces 450 bicycles a month. It buys the tires for bicycles from a supplier at a cost of $20 p
    6·1 answer
  • The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the fund
    10·1 answer
  • Betz Company's sales budget shows the following projections for next year: Sales in units First Quarter. 60,000 Second Quarter.
    12·1 answer
  • The value proposition for the AARP brand is seen in what kinds of benefits for the members? (Select 3)
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!