Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. $ 300 per unit 115,000 units 118,000 units 3,000 units $ 405,000 240,000 645,000 $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,000 units * $135) Fixed (3,000 units X $80) 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 60 per unit $3,200,000 $ 7,200,000 $1,350,000 4,600,000 Varesorting Income Street Sales Less: Variable costs Beginning inventory: Variable costs Manufacturing costs this year Direct materials Direct labor Variable overhead costs Total variable costs available Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses 0 Total variable costs 0 Contribution margin Less: Fixed expenses Fixed selling and administrative costs Fixed overhead costs Net income (loss)