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 300 per unit 120,000 units 123,750 units 3,750 units Variable (3,750 units x $135) Fixed (3,750 units x $75) Total $ 506,250 281,250 $ 787,500 Manufacturing costs this year Direct materials Direct labor Overhead costs this year 50 per unit 66 per unit Variable overhead Fixed overhead $3,600,000 $7,600,000 Selling and administrative costs this year Variable Fixed $1,500,000 4,400,000