Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 320 per unit 117,000 units 117,000 units $12 per unit $ 4,600,000 per year $40 per unit $ 62 per unit $ 28 per unit $ 7,020,000 per year 1. Prepare the current year income statement using variable costing. OAK MART Sales Income Statement (Variable Costing) $ 37,440,000 Variable selling and administrative expenses $ 1,404,000 Direct materials Direct labor Income 1,404,000