Ayers, Inc. has the following cost data for Product X, and unit product cost using absorption costing when production is 500 units, 1,000 units, and 1,500 units. E(Click on the icon to view the cost data.) B(Click an the icon to view the unit praduct cost dala.) Product X sells for $177 per unit, X Read the requirements Requirements Begin by selecting the labels and computing the gross profit for scenario a. and then compute the gross profit for scenario b. and c. Calculate the gross profit using absorption costing when Ayers: Absorption costing b. a. a. Produces and sells 500 units. b. Produces 1,000 units and sells 500 units. c. Produces 1,500 units and sells 500 units. Gross Profit Print Done X iReference iData Table 500 units 1.000 units 1.500 units Direct materials S 45 per unit 45 S Direct materials 45 $ 45 Direct labor 48 per unit Direct labor Variable manufacturing overhead 9 per unit 18 1 15,000 Fixed manufacturing overhead Variable manufacturing overhead 30 15 10 Fixed manufacturing overhead 117 S 132 $ 112 Print Done Total unit product cost Print Done