3 16.66 points 01:24:10 eBook Hint Print Exercise 19-14 (Algo) Absorption costing and overproduction LO C1 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) 74,000 units are produced and 74,000 units are sold and (b) 108,000 units are produced and 74,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 34,000 more units than it sells? Complete this question by entering your answers the tabs below. Required 1 Required 2 $ 57.40 per unit $10.40 per unit $7.90 per unit $ 12.40 per unit $ 1,198,800 per year Compute gross profit assuming (a) 74,000 units are produced and 74,000 units are sold and (b) 108,000 units are produced and 74,000 units are sold. Sales Cost of goods sold Gross profit (a) 74,000 Units Produced and 74,000 Units Sold $ 4,247,600 (b) 108,000 Units Produced and 74,000 Units Sold $

Exercise 19-14 (Algo) Absorption costing and overproduction LOCl jax incorporated reports the following data for its only product. The company hod no beginning finished goods inventory and it uses absorption costing. 1. Compute gross profit assuming (a,74,000 units are produced and 74,000 ubits are soid and (b)108,000 uniss are produced and 74,000 units are sold. 2. By how much would the companys gross profit increase of decrease from producing 34,000 mere units than it selis? Complete this question by entering your answers in the tabs below. Compute gross profit assuming ( a )74,000 units are produced and 74,000 units ore sold and (0) 108,000 units are 9roduced and 74,000 units are sold