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 Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 320 per unit 115.000 units 115,eee units $ 11 per unit 5.4,409, ese per year $ 46 per unit $ 68 per unit $ 28 per unit $ 7,200,eee per year Exercise 6-11 (Algo) Absorption costing and variable costing Income ste [The following Information applies to the questions displayed below.) Oak Mart, a producer of solid oak tables, reports the following data from its first ye Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 328 per us 115,808 units 115,000 units $ 11 per un $ 4,499,eee per y $ 46 per u 5 68 per u 5 28 per u $ 7,200,000 per ye Exercise 6-11 (Algo) Part 1 1. Prepare the current-year Income statement using variable costing. OAK MART Income Statement (Variable Costing) 0 Income https://ezto.mheducation.com/ex... Sav ! Required Information Exercise 6-11 (Algo) Absorption costing and varlable costing Income stateme (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 b Sales price per unit Units produced this year Units sold this year Variable selling and administrative expenses Fixed selling and administrative expenses Direct materials Direct labor Variable overhead Fixed overhead $ 320 per unit 115,000 units 115, eee units $ 11 per unit $ 4,400,eee per year $ 46 per unit $ 68 per unit $ 28 per unit $ 7,200.eee per year Exercise 6-11 (Algo) Part 2 2 Prepare the current-year Income statement using absorption costing OAK MART Income Statement (Absorption Costing) Income