Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs 115,800 units 118,000 units 3,000 units Variable (3,800 units x $135) Fixed (3,880 units x $80) Total 405,008 248,800 645,000 Manufacturing costs this year Direct materials Direct labor Overhead costs this year 40 per unit $ 62 per unit Variable overhead Fixed overhead $3,220,880 $7,400,000 Selling and administrative costs this year Variable Fixed $1,416,00e 4,600,800 Exercise 19-7 Part 1 1. Prepare the current-year income statement for the company using variable costing