Last year, fixed manufacturing overhead costs were $20,000, variable production costs were $46,000, fixed selling and administration costs were $18,000, and variable selling administrative expenses were $9,200. There was no beginning inventory. During the year, 3,000 units were produced and 1,700 units were sold at a price of $36 per unit. Under variable costing, what would be the operating income (loss)? Question 17Answer a. $(2,333) b. $7,933 c. $14,800 d. ($12,067)