Keats pic commenced business on Mar 1 making one product only. The standard cost is as follows: Direct labor $5; Direct materials $8; Variable production overhead $2; Fixed production overhead $5 = Standard production cost $20. The fix production overhead figures have been calculated on the basis of a budgeted normal output of 36,000 unites per year. You can assume that actual fixed overheads were as expected and that all the budgeted fixed expenses are incurred evenly over the year. March and April are to be taken as equal period months, Selling, distribution, and administration expenses are as follows: Fixed $120,000 per year; Variable 15% of the sales value. The selling price per units is $35 and the number of units produced and sold were the following: March Production 2,000 units; Sales 1,500 units; April Production 3,200 units and sales 3,000 units. Prepare and profit statements for March and April using absorption costing and marginal costing. 

Calculate/ Using absorption costing, which of the following amounts is NET PROFIT (loss) for March?