Required information (Theowing formation applies to me questionship below) Os Mart, producer of solid oak tables, reports the following data from a second year of 138,00 113.2 wit 7.25 1415. 243, Sales price per it Produced this year is year Beginning tary coats ve 01.20-1340) Head (3.710 t. 1) Tuta Fatturing casts this year Direct materiais Direct labor Durhat costs the year Ficarea Werne How 18. 17.400.000 11.450.00 Prepare the current income statement for the company using vanale couting OAK MART COMPANY Mango Required information Saved 70 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 11 , units 113,250 units 3,250 units $ 455, eee 243,750 $ 698,750 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units * $140) Fixed (3,250 units * $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 $ $ 44 per unit 68 per unit $3,400, eee $7,400,000 $1,450, eee 4,200,000 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 0 0 Net income (loss)