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Exercise $6-11($Algo$)$ Absorption costing and variable costing income statements LO P$2$

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Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.

Exercise $6-11($Algo$)$ Part $1$

$1.$ Prepare the current$-$year income statement using variable costing. Exercise $6-11($Algo$)$ Part $1$

$1.$ Prepare the current$-$year income statement using variable costing.

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$\backslash$end$\{$tabular$\}$ Exercise $6-11($Algo$)$ Part $2$

$2.$ Prepare the current$-$year income statement using absorption costing.

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