Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing.

$\backslash$table$[[$Sales price,$$56\mathrm{.}00$ per unit$],[$Direct materials,$$9\mathrm{.}00$ per unit$],[$Direct labor,$$6\mathrm{.}50$ per unit$],[$Variable overhead,$$11\mathrm{.}00$ per unit$],[$Fixed overhead,$$720,000$ per year$]]$

Compute gross profit assuming $($a$)60,000$ units are produced and $60,000$ units are sold and $($b$)80,000$ units are produced and $60,000$ units are sold.

By how much would the company's gross profit increase or decrease from producing $29000$ more units than it sells?

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Required $2$

Compute gross profit assuming $($a$)60,000$ units are produced and $60,000$ units are sold and $($b$)80,000$ units are produced and $60,000$ units are sold.

$\backslash$table$[[,\backslash$table$[[($a$)60,000$ Units$],[$Produced and $60,000],[$Units Sold$]],\backslash$table$[[($b$)80,000$ Units$],[$Produced and $60,000],[$Units Sold$]]],[,,],[,,],[$Gross profit,,$]]$