Sandhill Equipment Company manufactures and distributes industrial air compressors. The following data are available for the year

ended December $31,2022.$ The company had no beginning inventory. In $2022,$ it produced $1,480$ units but sold only $1,200$ units. The

unit selling price was $$4,480.$ Costs and expenses were as follows:

$($a$)$

Your answer is correct.

Calculate the manufacturing cost of one unit of product using variable costing.

$($b$)$

Your answer is partially correct.

Prepare a $2022$ income statement for Sandhill Company using variable costing.