Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $$9$; fixed manufacturing costs, $$48,000$; variable selling and administrative costs per unit, $$3$; and fixed selling and administrative costs, $$200,000.$ The company sells its units for $$46$ each. Additional data follow.

$\backslash$table$[[$Planned production in units,$10,000],[$Actual production in units,$10,000],[$Number of units sold,$7,500]]$

There were no variances.

The income $($loss$)$ under absorption costing is:

Multiple Choice

$$(6,500).$

$$16,000.$

$$7,000.$

$$19,000.$