Last year, fixed manufacturing overhead costs were $30,000, variable production costs were $48,000, fixed selling and administration costs were $20,000, and variable selling administrative expenses were $9,600. There was no beginning Inventory. During the year, 3,000 units were produced and 2.400 units were sold at a price of $40 per unit. Under variable costing, what would be the operating income (loss)? Multiple Choice ($4,400) $6.000 ($2,000) $4,000