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Required Information Exercise 19-7 Income reporting under absorption costing and variable costing LO P2 [The following information applies to the questions displayed below.) Oak Mart,
Required Information Exercise 19-7 Income reporting under absorption costing and variable costing 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 second year of business. $ 330 per unit 1e5, eee units 188,750 units 3,750 units $ 506,250 281, 250 $ 787, see Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,758 units * $135) Fixed (3,750 units X $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ $ 48 per unit 64 per unit $3,400, cee $7,408, eee $1,400, eee 4,609, eee Exercise 19-7 Part 3 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = units fixed overhead per unit
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