Exercise $6-11($Algo$)$ Absorption costing and variable costing income statements LO Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.

Sales price per unit $ $405$ per unit

Units produced this year $133,000$ units

Units sold this year $133,000$ units

Variable selling and administrative expenses $ $29$ per unit

Fixed selling and administrative expenses $ $4,685,000$ per year

Direct materials $ $57$ per unit

Direct labor $ $79$ per unit

Variable overhead $ $45$ per unit

Fixed overhead $ $10,108,000$ per year