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40 Saved Required information [The following information applies to the questions displayed below.) Oak Mart,...

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Accounting

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40 Saved 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 Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,000 units * $135) Fixed (3,000 units * $80) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Pixed overhead Selling and administrative costs this year Variable Fixed 320 per unit 115,000 units 118,000 units 3,000 units $ 405,000 240,000 $ 645,000 $ 40 per unit $ 62 per unit $3,220,000 $7,400,000 $1,416,000 4,600,000 2. Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement 2. Prepare the current-year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) 2 D A Saved Required information Net income (loss) +

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