Exercise 19-11 (Algo) Absorption costing and variable costing income statements [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of busine Sales price per unit Units produced this year Units sold this year $ 420 per unit 136,000 units 136,000 units Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead Exercise 19-11 (Algo) Part 2 $32 per unit $4,700,000 per year $ 60 per unit $ 82 per unit $ 48 per unit 10,744,000 per year 2. Prepare the current-year income statement using absorption costing.

Exercise 19-11 (Algo) Absorption costing and variable costing income statements [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of busin Exercise 19-11 (Algo) Part 2 2. Prepare the current-year income statement using absorption costing. Required information Exercise 19-11 (Algo) Absorption costing and variable costing income statements LO P2 [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its first year of business. Exercise 19-11 (Algo) Part 2 2. Prepare the current-year income statement using absorption costing