Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $8; fixed manufacturing costs, $64,000; variable selling and administrative costs per unit, $2; and fixed selling and administrative costs, $218,000. The company sells its units for $48 each. Additional data follow: Planned production in units 10,000 Actual production in units 10,000 Number of units sold 8,000 There were no variances. The income (loss) under variable costing is: Multiple Choice None of the answers is correct. $(7,000). $34,800. $31,800. $22,000. PrevQuestion 20 of 20 Total20 of 20Visit question mapThis is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed t