{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T08:13:20-04:00", "answer_date": "2024-05-26 08:13:20", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1729800", "url": "\/study-help\/questions\/jax-incorporated-reports-the-following-data-for-its-only-product-1729800", "question_creation_date_js": "2024-05-26T08:13:20-04:00", "question_creation_date": "May 26, 2024 08:13 AM", "meta_title": "[Solved] Jax Incorporated reports the following da | SolutionInn", "meta_description": "Answer of - Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventor | SolutionInn", "meta_keywords": "jax,incorporated,reports,data,product,company,beginning,finished,goods,inventory,absorption,costing", "question_title_h1": " Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. Sales", "question_title": " Jax Incorporated reports the following data for its only product. The", "question_title_for_js_snippet": "Jax Incorporated reports the following data for its only product The company had no beginning finished goods inventory and it uses absorption costing Sales price Direct materials Direct labor Variable overhead Fixed overhead $ 57 10 per unit $ 10 10 per unit $ 7 60 per unit $ 12 10 per unit $ 1,086,300 per year 1 Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b) 102,000 units are produced and 71,000 units are sold 2 By how much would the company's gross profit increase or decrease from producing 31,000 more units than it sells Complete this question by entering your answers in the tabs below Required 1 Required 2 Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b) 102,000 units are produced and 71,000 units are sold (a) 71,000 Units Produced and 71,000 Units Sold (b) 102,000 Units Produced and 71,000 Units Sold Cost of goods sold Direct labor Direct materials Fixed overhead Sales Variable overhead Required 1 Required 2 ", "question_description": "\"image\"image", "transcribed_text": "Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. Sales price Direct materials Direct labor Variable overhead Fixed overhead $ 57.10 per unit $ 10.10 per unit $ 7.60 per unit $ 12.10 per unit $ 1,086,300 per year 1. Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b) 102,000 units are produced and 71,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 31,000 more units than it sells? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b) 102,000 units are produced and 71,000 units are sold. (a) 71,000 Units Produced and 71,000 Units Sold (b) 102,000 Units Produced and 71,000 Units Sold Cost of goods sold Direct labor Direct materials Fixed overhead Sales Variable overhead < Required 1 Required 2 >", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "8120335643, 136126634, 978-0136126638", "edition": "13th Edition", "authors": "Charles T. Horngren, Srikant M.Dater, George Foster, Madhav", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/24.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-13th-edition-24", "see_more_uri": "" }, "free_related_book": { "isbn": "0072828099", "uri": "\/textbooks\/managerial-economics-and-organizational-architecture-3rd-edition-9780072828092-101832", "name": "Managerial Economics And Organizational Architecture", "edition": "3rd Edition" }, "question_posted": "2024-05-26 08:13:20", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/which-of-the-following-is-not-a-strategic-disadvantage-of-409511", "description": "Which of the following is not a strategic disadvantage of vertical integration? 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