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! add # 1 Required Informationadd# 1 to the questions displayed below. ] Oak Mart, a producer of solid oak tables, reports the following data
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Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.
tableSales price per unit,$ per unitUnits produced this year, unitsUnits sold this year, unitsVariable selling and administrative expenses,$ per unitFixed selling and administrative expenses,$ per yearDirect materials,$ per unitDirect labor,$ per unitVariable overhead,$ per unitFixed overhead,$ per year
Prepare the currentyear income statement using varlable costing.
tableOAK MARTIncome Statement Variable CostingSalesLess: Variable expensesBeginning inventoryVariable overhead costs
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