Wildhorse 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 1,470 units but sold only 1,160 units. The unit selling price was $ 4,590. Costs and expenses were as follows:

Variable costs per unit
	Direct materials		$ 750
	Direct labour		1,440
	Variable manufacturing overhead		260
	Variable selling and administrative expenses		70
Annual fixed costs and expenses
	Fixed manufacturing overhead		$ 1,194,800
	Selling and administrative expenses		102,700

Wildhorse 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 1,470 units but sold only 1,160 units. The unit selling price was $ 4,590. Costs and expenses were as follows: Variable costs per unit Direct materials $ 750 Direct labour 1,440 Variable manufacturing overhead 260 Variable selling and administrative expenses 70 Annual fixed costs and expenses Fixed manufacturing overhead $ 1,194,800 Selling and administrative expenses 102,700 Income Statement For the Year-Ended December 31, 2022 Variable Costing Sales $ 5324400 Less : Variable costs Variable selling and administrative expenses $ 1670400 Variable costs of goods manufactured 301600 Variable cost of goods sold 870000 Contribution margin 6194400 Less : Operating income before tax Fixed manufacturing overhead 1194800 i Variable selling and administrative expenses 81200 Total fixed costs 3350700 ON Total variable costs $ 2843700