Windsor Limited makes and sells a single product. The company employs a flexible budgeting system that covers a relevant range from 20,000 units to 25,000 units and a just in time inventory system. Budget data for April, based on 22,000 units, are as follows:

Prime costs (Direct materials + Labour)

$30 per unit

Manufacturing overhead

$132,000 plus $3 per unit

Selling and administrative expenses

$30,000 plus $2 per unit

Selling price

$60 per unit

Suppose the company produces and sells 25,000 units instead of the original 22,000 units at an average selling price of $55. What is the company's flexible budget operating income (or, loss) for April, given the actual sales volume of 25,000 units?

$388,000

463,000

$550,000

$625,000