$12$

Bequired information

Exercise $19-11($$tatic$)$ Absorption costing and variable costing income statements LO P$2$

$[$The following information apples to the questions displeyed below$]$

Oak Mart, a producer of sold osk thbles, reponts the following data from is fist year of business.

seles price per unit

$113320$ per unit

Units produced this year

$117,69$ units

Units sold this year

$117,$ bete units

Variable selling and adoinistrative expenses

$517$ pere unit

birect materials

$562$ per unit

pirect labor

$ ze per unit

Voriable awerhesd

$ $7,$ e$2$e$,$ ase per vear

Exercise $19-11($Static$)$ Part $1$

Prepare the curvent year income statement using varisble costing.