Columbia Corporation Produces a Single Product

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 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