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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. Sales price per unit $ 310 per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units x $135) Fixed (3,750 units $70) $ 506,250 262,500 Total $ 768,750 Manufacturing costs this year Direct materials Direct labor $ Overhead costs this year Variable overhead $3,200,000 $7,400,000 Fixed overhead Selling and administrative costs year Variable $1,400,000 4,600,000 Fixed Prepare the current-year income statement for the company using variable costing. 110,000 units 113,750 units 3,750 units 44 per unit 66 per unit smerter ! Required information Sales Less: Variable costs OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year Check my work W
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