Exercise 6-11 (Algo) Absorption costing and variable costing income statements LO P2 Skip to question [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 $ 375 per unit Units produced this year 127,000 units Units sold this year 127,000 units Variable selling and administrative expenses $ 23 per unit Fixed selling and administrative expenses $ 4,655,000 per year Direct materials $ 51 per unit Direct labor $ 73 per unit Variable overhead $ 39 per unit Fixed overhead $ 8,890,000 per year