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. 310 per unit 105,000 units 108,250 units 3,256 units $ 438,750 227,500 $ 666,250 Salen price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units * $135) Pixed (3,250 units $70) 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 44 per unit 70 per unit $ $3,200,000 $7,000,000 $1,350,000 4,400,000 1. Prepare the current-year income statement for the company using variable costing. 2 DAK MART COMPANY Variable Costing Income Statement Sales Less: Variable costs Beginning inventory: Variable costs * ces Manufacturing costs this year Direct materials Direct labor Variable overhead costs 0 Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses Wanahaut nete U 6 Required information Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses 0 Contribution margin Fixed overhead costs Fixed selling and administrative costs Net income (loss)