(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 110,000 units 113,750 units 3,750 units $ 506,250 262,500 768,750 $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,750 units * $135) Fixed (3,750 units * $70) 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 $ 70 per unit $3,400,000 $ 7,200,000 $1,400,000 4,400,000 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 3. Fill in the blanks: The dollar difference in variable costing income and absorption costing Income units fixed overhead per unit