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Required information [The following information applies to the questions displayed below] Inner Secret T Shirt Company produces and sells one product. The following information pertains

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Required information [The following information applies to the questions displayed below] Inner Secret T Shirt Company produces and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead $ 25 $ 15 4 Variable selling and administrative Fixed costs per year: $550,00e Fixed manufacturing overhead Fixed selling and administrative expenses $130,000 During its first year of operations, O'Brien produced 95,000 units and sold 72,000 units. During its second year of operations, it produced 80,000 units and sold 98,000 units. In its third year, O'Brien produced 90,000 units and sold 85,00O units. The selling price of the company's product is $72 per unit

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