apter 19 Homework Saved 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. $ 330 per unit 105,000 units 109,000 units 4,000 units $ 540,000 300,000 840,000 S Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units X $135) Fixed (4,000 units * $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $ $ 44 per unit 62 per unit $3,200,000 $7,000,000 $1,300,000 4,000,000 1. Prepare the current year income statement for the company using variable costing. Required information Variable Costing Income Statement Sales 35,970,000 Beginning inventory: Variable costs Manufacturing costs this year ces 0 -6: Chapter 19 Homework Saved o Required information 0 0 Net income (loss) 2. Prepare the current year income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year I Required information Manufacturing costs this year Net income (loss)