The following is a summarized master budget that Tu Company prepared for JanuarY:

Sales 9000 units

Sales Revenue $450000

Less variable costs:

Manufacturing $270000

Selling and admin $18000

Contribution Margin $162000

Less fixed costs:

Manufacturing $72000

Selling and admin $27000

Operating income $63000

Actual results for January were as follows:

Units produced and sold 8500 units

Selling price per unit $55

Variable costs per unit:

Manufacturing $32

Selling and admin $1.50

Total fixed cost $99

What was the flexible budget operating income (loss) for the company for January?

a) 83750

b) 63000

c) 59500

d) 54000