Use the following information to answer Questions 26 and 27 Favaz began business at the start of this year and had the following costs: variable manufacturing cost per unit, $9; fixed manufacturing costs, $60,000; variable selling and administrative costs per un, $2; and fixed selling and administrative costs, $220,000. The company sells its units for $45 each. Additional data follow Planned production in units 10,000 10,000 8,500 Actual production in units Number of units sold 26-50. The income (loss) under absorption costing is: A $(7,500) B. $9,000 C. $15,000 D. $18,000 35 E. None of the answers is correct 27-51. The income (loss) under variable costing is: A $(7,500) B. $9,000 C. $15,000 D. $18,000 E. None of the answers is correct