Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 310 per unit 110,000 units 113,750 units 3,758 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $135) Fixed (3,750 units * $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 $ 506,250 300,000 $ 806,250 44 per unit 60 per unit $3,400,000 $7,400,000 $1,450,000 4,600,000 1. Prepare the currerit-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Beginning inventory: Manufacturing costs this year