Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units $135) $70) Fixed (4,000 units Total Manufacturing costs this year Direct materials 320 per unit 105,000 units 109,000 units 4,000 units $ 540,000 280,000 $ 820,000 $ 46 per unit Direct labor $ 68 per nit Overhead costs this year Variable overhead $3,400,000 Fixed overhead $7,600,000 Selling and administrative costs this year Variable $1,450,000 Fixed 4,600,000 Exercise 19-7 Part 1 1. Prepare the current-year income statement for the company using variable costing.