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. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units x $135) Fixed (3,750 units x $7e) 320 per unit 105,e00 units 108,750 units 3,750 units 506,250 262,500 S $ 768,750 Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable 44 per unit 62 per unit $3,200,000 $7,600,000 $1,400,000 4,400,000 Fixed 2. Prepare the current year income statement for the company using absorption costing. OAK MART COMPANY tion Costing Income Statement Abse Beginning inverntory Next > of 10 8