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 185, eee units 188,eee units 3,eee units $ 390, eee 225, eee $ 615,eee Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,6ee units * $130) Fixed (3,eee units * $75) Total Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead elling and administrative costs this year Variable Fixed $ $ 5per unit 66 per unit $3,eee,eee $7,200,000 $1,350,000 4,400,000 1. Prepare the current-year Income statement for the company using variable costing. OAK MART COMPANY Variable Costing Income Statement Beginning inventory Manufacturing costs this year 0 Net income (loss) 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. $ 328 per unit 185,6e8 units 188,88 units 3,eee units $ 390,eee 225,00 $ 615,eee Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,600 units * $130) Fixed (3,000 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 Fixed $ $ 50 per unit 66 per unit $3,eee,eee $7,200, eee $1,350,eee 4,488,888 2. Prepare the current-year Income statement for the company using absorption costing. OAK MART COMPANY Absorption Costing Income Statement Beginning inventory Manufacturing costs this year Net income (loss) Fixed costs added to subtracted from) inventory 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 185, eee units 188,eee units 3,000 units $ 390,000 225.000 $ 615,888 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,899 units $138) Fixed (3,eee units x 575) 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 $ $ 50 per unit 66 per unit $3,000,000 $7,280,eee $1,350,000 4,488, eee 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing income = units fixed overhead per unit