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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 * $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 $ 40 per unit $ 62 per unit $3,220,000 $7,400,000 $1,416,000 4,600,000 Required information $ 37,760,000 Sales Less: Variable costs Beginning inventory Variable costs $ 405,000 Manufacturing costs this year Direct materials Direct labor 4,600,000 7,130,000 12,135.000 0 Total variable costs available Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses $ 11,730,000 1.416,000 Total variable costs Contribution margin 13,146,000 36.344.000 Required information Less: Ending finished goods inventory Variable cost of goods sold Variable selling and administrative expenses $ 11,730,000 1,416,000 Total variable costs Contribution margin 13,146,000 36,344,000 Net income (loss)