depends on the gross margin associated with sales of this book. Bailey needs to decide how many copies of the book to produce. The following information is available for the fall semester of 2021 : (Click the icon to view the information.) Bailey has decided to produce either 15,000,21,000, or 31,500 books. Requirement 1. Calculate expected gross margin if Bailey produces 15,000,21,000, or 31,500 books. (Make sure you include the production-volume variance as part of cost of goods sold.) More info 7 t depends on the gross margin associated with sales of this book. Bailey needs to decide how many copies of the book to produce. The following information is available for the fall semester of 2021: i (Click the icon to view the information.) Bailey has decided to produce either 15,000,21,000, or 31,500 books. Requirement 1. Calculate expected gross margii Calculate the gross margin for each level of prod Required 1. Calculate expected gross margin if Bailey produces 15,000,21,000, or 31,500 books. (Make sure you include the production-volume variance as part of cost of goods sold.) 2. Calculate ending inventory in units and in dollars for each production level. 3. Managers who are paid a bonus that is a function of gross margin may be inspired to produce a product in excess of demand to maximize their own bonus. There are metrics to discourage managers from producing products in excess of demand. Do you think the following metrics will accomplish this objective? Show your work. a. Incorporate a charge of 15% of the cost of the ending inventory as an expense for evaluating the manager. b. Include nonfinancial measures when evaluating management and rewarding performance