Favaz began business ot the start of this year and had the following costs: variable manufacturing cost per unit, $8; fixed manufacturing costs, $48,000; variable selling and administrative costs per unit, \$1; and foved seling and administrative costs, $235,000. The company sells its units for $47 each. Additional data follow: There were no variances: The income (loss) under variable costing is: Multiple Coice $6,500) $2.000 $14000