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Sales in units 6,000 Production in units 9,000 Manufacturing costs: Direct labor $3 per unit Direct material $5 per unit Variable overhead $1 per unit

Sales in units 6,000 Production in units 9,000 Manufacturing costs: Direct labor $3 per unit Direct material $5 per unit Variable overhead $1 per unit Fixed overhead $100,000 SG&A costs: Variable Cost $5 per unit Fixed cost 80,000 Sales price per unit $55

Information from Orange Time, Inc's first year of operations is available below:
Sales in units 6,000
Production in units 9,000
Manufacturing costs:
Direct labor $3 per unit
Direct material $5 per unit
Variable overhead $1 per unit
Fixed overhead $100,000
SG&A costs:
Variable Cost $5 per unit
Fixed cost 80,000
Sales price per unit $55
If Orange Time, Inc uses variable costing, what amount of income before income taxes would it have reported?

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