The following data has been extracted from last quarter's budget of Elise Ltd, which manufactures and sells a single product.

	January	February	March
Production units	6200	6200	5800
Sales units	5900	6000	5500

The variable production cost per unit is $40 and each unit incurs 1 hour and 30 minutes of labour. Fixed production overhead to be absorbed in each unit has already been calculated and is $20 per labour hour. In February, Elise Ltd, recorded a loss of $4,000 under marginal costing principles.

What would have been the budgeted profit or loss figure in February if Elise Ltd used absorption costing principles instead?

A. Profit of $3,000

b. Loss of $10,000

c. Profit of $2,000

d. loss of $1,000