Tiger Pride produces two product lines: T-shirts and Sweatshirts. Product profitability is analyzed as follows: 1.5 points Save Answer T-SHIRTS SWEATSHIRTS Production and sales volume 65,000 units 34,000 units Selling price $16.00 $29.00 Direct material $200 $4.50 $2 00 $5.00 Direct labor $9.20 Manufacturing overhead Gross profit Selling and administrative Operating profit $3.00 $11.80 $7.00 $4.80 $7.50 $4.00 $3.50 What is the projected decline in operating income if the direct materials costs of T-Shirts increase to $3.50 per unit and direct labor costs of Sweatshirts increase to $15.00 per unit? O $294,700.00 $197,200.00 $737,500.00 $97,500.00