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The income statement for Tiger Co. for 2015 is summarized as follows: Sales (200,000 units) $3,000,000 Variable costs 1,000,000 Contribution margin 2,000,000 Fixed costs (80%

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The income statement for Tiger Co. for 2015 is summarized as follows: Sales (200,000 units) $3,000,000 Variable costs 1,000,000 Contribution margin 2,000,000 Fixed costs (80% manufacturing related) 500,000 Operating income $1,500,000 Variable costs include: Direct materials $1.50/unit $300,000 Direct labour $2.00/unit $400,000 Variable MOH $1.25/unit $250,000 Variable selling & admin $0.25/unit $50,000 There were 0 units in beginning inventory, and 50,000 units in ending inventory. The income statement for Tiger Co. for 2015 is summarized as follows: Sales (200,000 units) $3,000,000 Variable costs 1,000,000 Contribution margin 2,000,000 Fixed costs (80% manufacturing related) 500,000 Operating income $1,500,000 Variable costs include: Direct materials $1.50/unit $300,000 Direct labour $2.00/unit $400,000 Variable MOH $1.25/unit $250,000 Variable selling & admin $0.25/unit $50,000 There were 0 units in beginning inventory, and 50,000 units in ending inventory

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