<\/div><\/div><\/div> [The following information applies to the questions displayed below. ] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 330 per unit Units produced this year 115,000 units Units sold this year 118,500 units Units in beginningyear inventory 3,500 units Beginning inventory costs Variable (3,500 units x $135) $ 472,500 Fixed (3,500 units X $80) 280,000 Total $ 752,500 Manufacturing costs this year Direct materials $ 46 per unit Direct labor $ 64 per unit Overhead costs this year Variable overhead $3,000,000 Fixed overhead $7,200,000 Selling and administrative costs this year Variable $1,350,000 Fixed 4,400,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Sales Less: Variable costs Beginning inventory: Variable costs Manufacturing costs this year Variable overhead costs Direct labor Direct materials 0 Total fixed costs 0 Net income Net income (loss)",
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"related_book": {
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"isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435",
"edition": "3rd edition",
"authors": "Eric Chiang",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg",
"uri": "\/textbooks\/core-macroeconomics-3rd-edition-648",
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"edition": "1st Edition"
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"question_posted": "2024-06-28 09:43:07",
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