Check my work 1 Part 1 of 2 Required information Exercise 6-11 (Algo) Absorption costing...
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Check my work 1 Part 1 of 2 Required information Exercise 6-11 (Algo) Absorption costing and variable costing income statements LO P2 [The following information applies to the questions displayed below.] 7 points Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. eBook Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 320 per unit 105,000 units 105,000 units $ 15 per unit $ 4,200,000 per year $ 48 per unit $ 62 per unit $ 32 per unit $ 7,200,000 per year co Hint Ask Exercise 6-11 (Algo) Part 1 Print 1. Prepare the current-year income statement using variable costing. References $ 33,600,000 OAK MART Income Statement (Variable Costing) Sales Less: Variable expenses Variable selling and administrative expenses Variable cost of goods sold 0 Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative expenses Income
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