Uran Body Products Ltd, manufactures body wash liquid soap. The controller has provided the following information and stated that standard costing is used for manufacturing, marketing and administrative costs. January Beginning inventory Production Sales February 3,000 43,000 41,000 39,500 36,500 Other information: Selling price Standard variable manufacturing cost/unit Standard variable market/admin, cost/unit Standard fixed manufacturing overhead cost/month Standard fixed market/admin. cost/month Budgeted denominator level per month (output units) $10.00 $1.00 $3.00 S88,000 $52,000 40,000 There were no beginning or ending inventories of materials or work-in-process. What would Urban Body Products Ltd. operating income (loss) be for January and February, respectively, using the absorption costing approach? Question 12 options: S A) $103,800 B) $102,500 C) $144.800 D) $50,500