undefined

! 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. $ Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units X $135) Fixed (3,500 units x $70) 320 per unit 100,000 units 103,500 units 3,500 units $ 472,500 245,000 $ 717,500 Total $ $ 46 per unit 70 per unit Manufacturing costs this year Direct materials Direct labor Overhead costs this year Variable overhead Fixed overhead Selling and administrative costs this year Variable Fixed $3,000,000 $7,200,000 $1,450,000 4,200,000 1. Prepare the current-year income statement for the company using variable costing. Required information OAK MART COMPANY Variable Costing Income Statement Beginning inventory: Manufacturing costs this year Net income (loss)