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 60,000 units $ 56.00 per unit $ 9.00 per unit $ 6.50 per unit $ 11.00 per unit $720,000 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal places.) Production volume 60,000 units 80,000 units $ Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit 9.00 6.50 11.00 9.00 6.50 11.00 12.00 9.00 $ $ 35.50 Cost of goods sold per unit Number of units sold Total cost of goods sold 38.50 60,000 60,000 2,130,000 $ 2,310,000 $ Jacquie Inc. Income statement through gross margin Sales volume 60,000 units 60,000 units Sales Cost of goods sold Gross margin 3,360,000 $ 2,310,000 1,050,000 3,360,000 2,130,000 1,230,000 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. Gross margin increases by: Number of units sold Change in fixed overhead cost per unit Change in cost of goods sold: $ 3.00