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Required Information [The following information applies to the questions displayed below.] Oak Mart, a producer of solid oak tables, reports the following data from its
Required Information [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. $ 338 per unit 105,eee units 188,750 units 3,750 units $ 525,000 281,250 $ 886, 250 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $140) Fixed (3,750 units * $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 $ 42 per unit $ 66 per unit $3,280, een $7,400,000 $1,380, eee 4,680,eee 1. Prepare the current-year Income statement for the company using varlable costing. OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss)
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