Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. $ 320 per unit 110,000 units 114,000 units 4,000 units $ 520,000 300,000 $ 820,000 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 $130) Fixed (4,000 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 46 per unit 70 per unit $ $3,200,000 $7,000,000 $1,350,000 4,200,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = units fixed overhead per unit