Swed Help Save & Exit Submit Check my work ! 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 $ 345 per unit 121,000 units 121,000 units $. 17 per unit $ 4,625,000 per year $ 45 per unit $ 67 per unit $ 33 per unit $7,744,000 per year Exercise 6-11 (Algo) Part 1 1. Prepare the current-year income statement using variable costing MA Next > 1 Exercise 6-11 (Algo) Part 1 Part 1 of 2 1. Prepare the current year income statement using variable costing 7 points 41,745.000 OAK MART Income Statement (Variable Couting Sales Los Variable expenses Variable cost of goods sold $ 17,545.000 Variable selling and administrative expenses Ash 17,545,000 PM References Contribution margin LossFixed expenses Fed selling and administrative expenses Fixed overhead Income Check my work 2 TOLLE Variable overhead Pixed overhead :pet 3) per unit $7,744,000 per year Part 2 of 2 Exercise 6-11 (Algo) Part 2 2. Prepare the current-year income statement using absorption costing points eBook Hint 41,745,000 25.289.000 DAK MART Income Statement (Absorption Costing) Sales $ Cost of goods sold Gross profit Selling and administrative expenses Income Ask Print References S Next u