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3 need help with this Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. $ 320
3 need help with this
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. $ 320 per unit 115,000 units 119,000 units 4,000 units $ 520,000 320,000 840,000 $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units X $130) Fixed (4,000 units X $80) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ $ 42 per unit 60 per unit $3,400,000 $7,400,000 $1,450,000 4,600,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Beginning inventory: Manufacturing costs this year Required information Required information Net income (loss)Step by Step Solution
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