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 $ 320 per unit Units produced this year 110,000 units Units sold this year 113,250 units Units in beginning-year inventory 3,250 units Beginning inventory costs Variable (3,250 units $135) $ 438,750 Fixed (3,250 units $75) 243,750 Total $ 682,500 Manufacturing costs this year Direct materials $ 40 per unit Direct labor $ 64 per unit Overhead costs this year Variable overhead $ 3,400,000 Fixed overhead $ 7,000,000 Selling and administrative costs this year Variable $ 1,500,000 Fixed 4,000,000