4 4 Part 1 of 2 points Skipped Hint Prin References Required information [The following information applies to the questions displayed below] Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units $135) Fixed (3,750 unita Total $751 Manufacturing costs this year Direct materials Direct labor $ 320 per unit 105,000 units 108,750 units 3,750 units $ 506,250 281,250 $787,500 40 per unit 70 per unit Overhead costs this year Variable overhead $3,200,000 Fixed overhead $7,200,000 Selling and administrative costs this year Variable Fixed $1,300,000 4,200,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Check my work Beginning inventory: Variable Costing Income Statement Manufacturing costs this year Net income (loss) 0 0 5 o Part 2 of 2. 4 points Skipped H Print Required information [The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units $135) Fixed (3,750 units Total $75) Manufacturing costs this year 320 per unit 105,000 unita 108,750 units 3,750 units $506,250 281,250 $787,500 Direct materials $ 40 per unit Direct labor $ 70 per unit Overhead costs this year Variable overhead $3,200,000 References Fixed overhead $7,200,000 Selling and administrative costs this year Variable Fixed $1,300,000 4,200,000 2. Prepare the current-year income statement for the company using absorption costing. Check my w