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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

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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. $ 320 per unit 115,000 units 118,000 units 3,000 units $ 405,000 240,000 $ 645,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,000 units X $135) Fixed (3,000 units * $80) 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 5 $ $ 40 per unit 62 per unit $3,220,000 $7,400,000 $1,416,000 4,600,000 3. Fill in the blanks: 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = units fixed overhead por unit

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