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#13 Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 75, eee units Sales price 57.50 per
#13 Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level 75, eee units Sales price 57.50 per unit Direct materials 10.5 per unit Direct labor 8.00 per unit Variable overhead 12.50 per unit Fixed overhead $1,237,5ee in total ta Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Answer is not complete. Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Production volume 75,000 units 110,000 units 787,500.00 $ 1,155,000.00 % 600,000.00 % 880,000.00 937,500.00 1,375,000.00 % 1,237,500.00 1,237,500.00 3,562,500.00 $ 4,647,500.00 Cost of goods sold per unit Number of units sold Total cost of goods sold 75,000 75,000 267,187,500,000 $ 348,562,500,000 Jacquie Inc. Income statement through gross margin- Sales volume 75,000 units 4,312,500 $ (267,187,500,000) -267,183,187,500 Sales Cost of goods sold Gross margin 75,000 units 4,312,500 (348,562,500,000) -348,558,187,500 If Jacquie increases its production to 110,000 units, while sales remain at the current 75,000 unit level, by how much would the company's gross margin increase or decrease under absorption costing? Assume the company has idle capacity to double current production. 75,000 Gross margin increases by Number of units sold Change in fixed overhead cost per unit Change in cost of goods sold
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