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 Production volume 60,000 units 80,000 units GA 6.50 $ 49.00 Cost of goods sold: Direct labor per unit Direct materials per unit 'Fixed overhead per unit Variable overhead per unit 6.50 9.00 9.00 12.00 11.00 11.00 Cost of goods sold per unit Number of units sold 38.50 $ 60,000 35.50 60,000 Total cost of goods sold $ 2,310,000 $ 2,130,000 Jacquie Inc. Income statement through gross margin Sales volume 60,000 units 60,000 units Sales 3,360,000 $ 3,360,000 Cost of goods sold 2,310,000 2,130,000 Gross margin 1,050,000 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: $ 180,000 Number of units sold 60,000 Change in fixed overhead cost per unit $ 12.00 Change in cost of goods sold