Exercise 19-7 Income reporting under absorption costing and variable costing 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 second year of business. $ 330 per unit 115,000 units 118,250 units 3,250 units $ 438,750 243,750 $ 682,500 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units x $135) Fixed (3,250 units x $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 64 per unit $3,600,000 $7,400,000 $1,400,000 4,400,000 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = : units fixed overhead per unit