19 eBook Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. Sales price Direct materials Direct labor Variable overhead Fixed overhead 1. Compute gross profit assuming (a) 70,000 units are produced and 70,000 units are sold and (b) 100,000 units are produced and 70,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 30,000 more units than it sells? Complete this question by entering your answers in the tabs below. Required 1 Required 2 $57.00 per unit $10.00 per unit $7.50 per unit $ 12.00 per unit $1,050,000 per year Compute gross profit assuming (a) 70,000 units are produced and 70,000 units are sold and (b) 100,000 units are produced and 70,000 units are sold. Sales Cost of goods sold Gross profit (a) 70,000 Units Produced and 70,000 Units Sold $ (b) 100,000 Units Produced and 70,000 Units Sold 3,990,000 $ Required 1 3,990,000 Required 2 >

fax incorporated reports the following data for its only prodict. The company fud no beginning finished goods inventory and it uses absorption costing. 1. Compute gross profat assuming (a) 70.000 units are produced and 70.000 units are sold and (b)100.000 units are produced and 70000 units are sold. 2. By how much would the companys gross proft increase or dectease from producing 30,000 more units than it sells? Complete this question by entering your answers in the tabs below. Compute aros profit asyuming (a)70,000 units are produced and 70,000 units are sold and (b),100,000 uncs are produced and 70,000 units are soll. Jax Incorporated reports the following data for its only product. The company had no beginning absorption costing. 1. Compute gross profit assuming (a) 70,000 units are produced and 70,000 units are sold and (b)100,000 units are produced an 70,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 30,000 more units than it sells? Complete this question by entering your answers in the tabs below. By how much would the company's gross profit increase or decrease from producing 30,000 more units than it sells