a ezto.mheducation.com C + Ch.6 Homework Assignment i Saved Help Save & Exit Submit Check my work 6 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. Part 1 of 2 Sales price per unit $ 320 per unit Units produced this year 117, 000 units Units sold this year 117, 000 units Variable selling and administrative expenses $ 12 per unit 3 Fixed selling and administrative expenses $ 4, 600, 000 per year points Direct materials $ 40 per unit Direct labor $ 62 per unit Variable overhead $ 28 per unit Fixed overhead $ 7, 020, 000 per year eBook Exercise 6-11 (Static) Part 1 Hint 1. Prepare the current year income statement using variable costing. Print OAK MART Income Statement (Variable Costing) Sales Less: Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin Less: Fixed expenses Fixed overhead Fixed selling and administrative expenses ncome Mc Graw Hill