Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product ts Normal production and sales tevel Sales price Direct materials Direct labor Variable overhead Fixed overhead 60,000 units $ 56.00 per unit $ 9.00 per unit $ 6.50 per unit $ 11.00 per unit $720,000 in total eBook Hint Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal place.) Print Production volume Cost of goods sold: 60,000 units 80,000 units References Cost of goods sold per unit Number of units sold Total cost of goods sold Jacquie Inc. Income statement through gross margin Sales volume 60,000 units 60,000 units ME Grow Hill Ada Cost of goods sold: 60,000 units 80,000 units Cost of goods sold per unit Number of units sold Total cost of goods sold Jacquie Inc. Income statement through gross margin Sales volume 60,000 units 60,000 units ences If Jacquie increases its production to 80,000 units, while sales remain at the current 60,000 unit level, by how much would the company's gross margin increase or decrease under absorption costing? Assume the company has idle capacity to double current production Number of units sold Change in foed overhead cost per unit Change in cost of goods sold: 2 # 3 $ 4 % 5 6 & 7 8 9 W E R Y