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Ben a producer of solid oak tables, reports the following data from its first year of business. Sales price per unit $ 365 per unit

Ben a producer of solid oak tables, reports the following data from its first year of business.

Sales price per unit $ 365 per unit
Units produced this year 125,000 units
Units sold this year 125,000 units
Variable selling and administrative expenses $ 21 per unit
Fixed selling and administrative expenses $ 4,645,000 per year
Direct materials $ 49 per unit
Direct labor $ 71 per unit
Variable overhead $ 37 per unit
Fixed overhead $ 8,500,000

per year

i've been stuck for a long time, may someone help me out?

Prepare the current-year income statement using variable costing

image text in transcribedimage text in transcribed

\begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ OAK MART } & \\ \hline \multicolumn{2}{|c|}{ Income Statement (Variable Costing) } & & \\ \hline Sales & & & 45,625,000 \\ \hline Less: Variable expenses & & \\ \hline Variable cost of goods sold & & \\ \hline Variable selling and administrative expenses & & \\ \hline Contribution margin & & \\ \hline Less: Fixed expenses & & \\ \hline Fixed overhead & & \\ \hline Income & & \\ \hline \end{tabular} 2. Prepare the current-year income statement using absorption costing

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