ABC Enterprises had the following cost and production information for October:

Units Produced20,000

Units Sold17,000

Unit Sales

Price$200

Manufacturing Cost Per UnitDirect Material$50

Direct Labor$25

Variable Manufacturing Overhead$10

Fixed Manufacturing Overhead($500,000/20,000) =

$25Full Manufacturing Cost Per Unit$110

Non manufacturingCostsVariable Selling Expenses$80,000

Fixed General and Administrative Costs$75,000

What is ABC Enterprise's profit under variable costing?