Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 320 per unit 110,000 unita 113,250 units 3,250 units Sales price per unit Unita produced this year Unita sold this year Units in beginning-year inventory Beginning inventory eosta Variable (3, 250 unita S135) Fixed (3,250 unita s0) 438, 750 260,000 $ 698,750 Total Manutacturing costs this year Direct naterials Direct labor 42 per unit 68 per unit Overhead coste this year Variable overhead Pixed overhead 53.600,000 $7,400,000 Selling and administrative costs this year Variable Fixed $1,500,000 4,200,000 Exercise 19-7 Part 1 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 Net income (loss) 3 Prey of 8