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Jacqule Inc. reports the following annual cost data for its single product. Normal production and sales level Sales price Direct materials Direct labor Variable overhead
Jacqule 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 $ $ $ $ 64,000 units 56.40 per unit 9.48 per unit 6.99 per unit 11.40 per unit $ 344,888 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal places.) Cost of goods sold: Production volume 64,000 units 88,000 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 64,000 units 64,000 units If Jacquie increases its production to 88,000 units, while sales remain at the current 64,000-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: S 0
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