D 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 320 per unit 115,000 units 118,250 units 3,250 units $ 438,750 24,250 $682.500 Sales price per unit Units produced this year Units sold this year Onits in beginning year Inventory Beginning inventory costs Variable (3,250 units 5135) Fixed (3,250 units x 575) Total Manufacturing costs this year Direct materials Direct labor Ovechead costs this year Varlable overhead Fixed overhead Selling and administrative costs this year Variable Feed 44 per unit 5 66 per unit $3,200,000 $7,200,000 51,300,000 4,200,000 1. Prepare the current year income statement for the company using variable costing OAK MART COMPANY Variatile Costing Income Statement Beginning inventory Mandaturing costs a year ! Required information OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year 0 0 Net income (loss) 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 $ 320 per unit 115,000 units 118,250 units 3,250 units $ 438,750 243,750 $ 682,500 Sales price per anst Units produced this year Units sold this year Units in beginning-year Inventory Beginning inventory costs Variable (3,250 units $135) Fixed (3,250 units * $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and adininistrative costs this year Variable Fixed 5 44 per unit 5 66 per unit $3,200,000 $7,200,000 $1,300,000 4,200,000 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 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 06.16 Net Income (loss) Fixed costs added to(subtracted from) inventory