Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 63,000 units $ 56.30 per unit $ 9.30 per unit $ 6.80 per unit $ 11.30 per unit $812,700 in total Production volume 63,000 units 86,000 units Cost of goods sold: Cost of goods sold per unit Number of units sold Total cost of goods sold Jacquie Inc. Income statement through gross margin Sales volume 63,000 units 63,000 units If Jacquie increases its production to 86,000 units, while sales remain at the current 63,000 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 fixed overhead cost per unit Change in cost of goods sold: $. O During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials $6 per unit, Direct labor $4 per unit, Variable overhead, 55 per unit, and Fixed overhead, $234,000. The company produced 26,000 units, and sold 18,000 units leaving 8.000 units in inventory at year-end. What is the value of ending inventory under absorption costing? Multiple Choice O $120,000 $192,000 0 $72,000 0 0 $234,000 Reliance Corporation sold 4,300 units of its product at a price of $18 per unit. Total variable cost per unit is $10.00, consisting of $9.25 in variable production cost and $0.75 in variable selling and administrative cost. Compute the contribution margin for the company Multiple Choice $43,000 S77400 539,775 S16.225