Answer is not complete. OAK MART COMPANY Variable Costing Income Statement Sales 38,362,500 Less: Variable costs Beginning inventory: Variable costs $ 525,000 Manufacturing costs this year Direct labor Direct materials Variable overhead costs 8,160,000 5,760,000 3.200,000 17.645,000 Total variable costs available Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses Total variable costs Contribution margin Less: Fixed expenses Fixed overhead costs $7,400,000 Fixed selling and administrative costs 4,000,000 Prev 3 4 19 Homework income statement for the company using absorption costing. Manufacturing costs this year Net income (loss) Fixed costs added to(subtracted from) inventory