{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T09:43:07-04:00", "answer_date": "2024-06-28 09:43:07", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4286590", "url": "\/study-help\/questions\/i-need-some-help-with-this-accounting-the-following-information-4286590", "question_creation_date_js": "2024-06-28T09:43:07-04:00", "question_creation_date": "Jun 28, 2024 09:43 AM", "meta_title": "[Solved] I need some help with this accounting [Th | SolutionInn", "meta_description": "Answer of - I need some help with this accounting [The following information applies to the questions displayed below. ] Oak Mart, | SolutionInn", "meta_keywords": "help,accounting,information,applies,questions,displayed,below,oak,mart,producer,solid,tables", "question_title_h1": "I need some help with this accounting [The following information applies to the questions displayed below. ] Oak Mart, a producer of solid oak tables,", "question_title": "I need some help with this accounting [The following information applies to", "question_title_for_js_snippet": "I need some help with this accounting 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)", "question_description": "

I need some help with this accounting <\/p>

\"image\"image<\/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)", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "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", "see_more_uri": "" }, "free_related_book": { "isbn": "173731598X", "uri": "\/textbooks\/the-complete-college-essay-handbook-a-step-by-step-guide-to-writing-the-personal-statement-and-the-supplemental-essays-1st-edition-978-1737315988-310338", "name": "The Complete College Essay Handbook A Step By Step Guide To Writing The Personal Statement And The Supplemental Essays", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:43:07", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/determine-the-missing-amount-for-each-of-the-following--195956", "description": "Determine the missing amount for each of thefollowing: Assets Liab + Stockholders' Equity 70,000 + a. b. $95,000 c. $675,000$227,000 $90,000 $18,000", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/b-if-shawn-thinks-theres-a-60-chance-the-longrange-1983613", "description": "=+b) If Shawn thinks theres a 60% chance the long-range predictions will predict a 50% chance of good conditions, find the corresponding EVwSI.", "stars": 3 }, { "url": "\/in-its-december-31-2008-consolidated-financial-statements-colacola-reports", "description": "In its December 31, 2008 Consolidated Financial Statements, Cola-Cola reports a substantial shift in its net pension liability ($1,328 million) relative to December 31, 2007 ($85 million). a. 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