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Required information [The following information applies to the questions displayed below! Oak Mart, a producer of solid ook tables, reports the following data from its

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Required information [The following information applies to the questions displayed below! Oak Mart, a producer of solid ook tables, reports the following data from its second year of business, 310 per unit 110.000 units 113,250 units 3,250 unite $638,750 243.750 $ 682,500 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units $135) Tixed (1,250 units $75) Total Manufacturing costs this year Direct materials Direct labor Overhead conts this year Variable overhead Fixed overhead Selling and administrative coate this year Variable Tixed $ 46 per unit 66 per unit $3,200,000 $7.400,000 $1,400,000 4,600,000 1. Prepare the current-year income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement 35,107,500 Sales Less: Cost of goods sold Beginning inventory Manufacturing costs this year 0 0 Net income (loss) 2. Prepare the current-year income statement for the company using absorption 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

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