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 $ 325 per unit Units produced this year 117,000 units Units sold this year 117,000 units Variable selling and administrative expenses $ 13 per unit Fixed selling and administrative expenses $ 4,605,000 per year Direct materials $ 41 per unit Direct labor $ 63 per unit Variable overhead $ 29 per unit Fixed overhead $ 7,020,000 per year Exercise 6-11 (Algo) Part 1 1. Prepare the current-year income statement using variable costing. OAK MART Income Statement (Variable Costing) 0 Exercise 6-11 (Algo) Part 1 1. Prepare the current-year income statement using variable costing. OAK MART Income Statement (Variable Costing) 0 es Income Exercise 6-11 (Algo) Part 2 2. Prepare the current-year income statement using absorption costing. OAK MART Income Statement (Absorption Costing) Income 5