Oak Mart, a producer of solid oak tables, reports the following data from its second year of business

Required information [The following information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. N 300 per unit 115,000 units 118,500 units 3,500 units $ 472,500 262,500 $ 735,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units X $135) Fixed (3,500 units * $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 62 per unit $3,000,000 $7,200,000 $1,350,000 4,000,000 OAK MART COMPANY Variable Costing Income Statement Sales S 35.550.000 Less: Variable costs Beginning inventory: Variable costs Manufacturing costs this year Direct materials Direct labor Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses PS Contribution margin Less: Fixed expenses Fixed overhead costs Fixed selling and administrative costs Net income (loss)