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 115,000 units 118,500 units 3,500 units $ 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 $130) Fixed (3,500 units X $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 Pixed 455,000 262,500 717,500 $ $ SO 44 per unit 62 per unit $3,000,000 $7,600,000 $1,450,000 4,200,000 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income units fixed overhead per unit. Mortech had net.income of $248,000 based on variable costing. Beginning and ending inventories were 48,000 units and 46,500 units, respectively. Assume the fixed overhead per unit was $0.60 for both the beginning and ending inventory. What is net income under absorption costing? When the number of units sold exceeds the number of units produced, net income under absorption costing will be: The difference in income is equal to Net Income under variable costing Net Income under absorption costing