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Hello, for the blank answers below, previous answers of 4,963,200, 3,282,400 and 1,680,800 as well as $688,800 for the second required part were incorrect. Can
Hello, for the blank answers below, previous answers of 4,963,200, 3,282,400 and 1,680,800 as well as $688,800 for the second required part were incorrect. Can anybody help me solve this?
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 $ 56.40 per unit Direct materials $ 9.40 per unit Direct labor $ 6.90 per unit Variable overhead $ 11.40 per unit Fixed overhead $ 844,800 per year 1. Compute gross profit assuming (a) 64,000 units are produced and 64,000 units are sold and (b) 88,000 units are produced and 64,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 24,000 more units than it sells? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 64,000 units are produced and 64,000 units are sold and (b) 88,000 units are produced and 64,000 units are sold. Sales Cost of goods sold Gross profit (a) 64,000 Units (b) 88,000 Units Produced and 64,000 Produced and 64,000 Units Sold Units Sold $ 3,609,600 2,617,600 $ 992,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 By how much would the company's gross profit increase or decrease from producing 24,000 more units than it sells? Gross profit increases byStep by Step Solution
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