Required information Exercise 6-11 (Static) Absorption costing and Variable costing income statements LO PZ [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 117,000 units 117 000 units $112 per unit $4,600,000 per year de per unit $ 62 per unit $ 28 per unit $ 7,020,000 per year Exercise 6-11 (Static) Part 2 2. Prepare the current year income statement using absorption costing. OAK MART Income Statement (Absorption Costing) Sales Cost of goods sold (Gross profit Selling and administrative expenses Income