A manufacturer reports direct materials of $5 per unit, direct labor of $2 per unt, and variable overhead of $3 per unt. Fied overhead is $120,000 per year, and the company estimates sales of 12.000 units at a sales price of $25 per unit for the year. The company has no beginning finished goods Inventory 1. If the company uses absorption costing, compute gross profit assuming (a} 12.000 units are produced and 12.000 units are sold and (6) 15,000 units are produced and 12,000 units are sold. 2. If the company uses variable costing, how much would gross profit differ if the company produced 15.000 units instead of producing 12,000? Assume the company sells 12,000 units. Hint Calculations are not required. Complete this question by entering your answers in the tabs below. Required 1 Required 2 or the company uses absorption costing, compute gross profit assuming (a) 12,000 units are produced and 17.000 units are nold and (b) 15,000 units are produced and 12,000 units are sold (4) 12,000 Unita (b) 15.000 Units Produced and Produced and 12.000 Units Bold 12.000 United Sales 300.000 Cost of goods sold Gross proti