6 O Part 1 of 2 3 points Required information Exercise 6-11 (Static) Absorption costing...
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6 O Part 1 of 2 3 points Required information Exercise 6-11 (Static) Absorption costing and variable costing income statements 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 first year of business, Sales price per unit $ 320 per unit Units produced this year 117,000 units Units sold this year 117,000 units Variable selling and administrative expenes $ 12 per unit Tixed selling and administrative expenses $ 4,600,000 per year Direct materials $ 40 per unit Direct labor $ 62 per unit Variable overhead $ 28 per unit Fixed overhead $ 7,020,000 per year Book Hint Print Exercise 6-11 (Static) Part 1 1. Prepare the current year income statement using variable costing. OAK MART Income Statement (Variable Costing) Sales 0 2. Prepare the current year income statement using absorption costing. OAK MART Income Statement (Absorption Costing) Income
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