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! Required information Exercise 6-11(Algo) Absorption costing and variable costing income statements LO P2...

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Required information
Exercise 6-11(Algo) 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
Units produced this year
Units sold this year
Variable selling and administrative expenses
Fixed selling and administrative expenses
Direct materials
Direct labor
Variable overhead
Fixed overhead
$405 per unit
133,000 units
133,000 units
$29 per unit
$4,685,000 per year
$57 per unit
$79 per unit
$45 per unit
$10,108,000 per year
$57 per unit
$79 per unit
$45 per unit
$10,108,000 per year
Exercise 6-11(Algo) Part 1
Prepare the current-year income statement using variable costing.
\table[[OAK MART],[Income Statement (Variable Costing),,,],[Sales,S,,]]
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