3 Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Required information Exercise 6-11 (Algo) Absorption costing and variable costing income statements LO P2 [The following information applies to the questions displayed below! Oak Mart, a producer of solid oak tables, reports the following data from its first year of business, Sales price per unit $ 320 per unit Units produced this year 115.000 units Units sold this year 115,000 units Variable selling and administrative expenses $ 11 per unit Fixed selling and administrative expenses $ 4.000.000 per year Direct materials $ 44 per unit Direct labor $ 68 per unit Variable overhead 5:34 per unit Fixed overhead $ 7,000,000 per year Exercise 6-11 (Algo) Part 2 2. Prepare the current year income statement using absorption costing