During 2022, Tamarisk Corp. produced 29,160 units and sold 29,160 for $14.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $58,320 ($2.00 per unit). Variable selling and administrative costs were $2.00 per unit sold, and fixed selling and administrative expenses were $38,880. Suppose the accountant for Tamarisk Corp. uses normal-absorption costing and uses the budgeted volume of 48,600 units to allocate the fixed overhead rather than the actual production volume of 29,160 units. The company expenses production volume variance to cost of goods sold in the accounting period in which it ccurs. Sales Cost of goods sold Costs of goods manufactured Less Ending inventory Cost of goods sold Add : Volume variance Gross margin TamariskCorp. Income Statement-Normal-Absorption Costing For the Year Ended December 31, 2022 Less Selling and administrative expenses Operating income 29160 0 29160 23328 tA 408240 52488 355722