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

Sales price per unit	$ 400	per unit
Units produced this year	132,000	units
Units sold this year	132,000	units
Variable selling and administrative expenses	$ 28	per unit
Fixed selling and administrative expenses	$ 4,680,000	per year
Direct materials	$ 56	per unit
Direct labor	$ 78	per unit
Variable overhead	$ 44	per unit
Fixed overhead	$ 9,900,000	per year

Exercise 6-11 (Algo) Part 1

1. Prepare the current-year income statement using variable costing.

rev: 09_30_2021_QC_CDR-376

OAK MART
Income Statement (Variable Costing)
Income

2. Prepare the current-year income statement using absorption costing.

OAK MART
Income Statement (Absorption Costing)
Income