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 $ 57.60 per unit Direet materials $ 10.60 per unit Direct labor $ 8.10 per unit Variable overhead $ 12.60 per unit Fixed overhead $ 1,276,000 per year 1. Compute gross profit assuming (0) 76,000 units are produced and 76,000 units are sold and (5) 112,000 units are produced and 76,000 units are sold 2. By how much would the compony's gross profit increase or decrease from producing 36,000 more units than it selts? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming () 76,000 units are produced and 76,000 units are sold and (b) 112,000 units are produced and 76,000 units are sold. (a) 76,000 Units (b) 112,000 Units Produced and 78,000 Produced and 76,000 Unita Sold Units Sold $ 4,377.600 $ 4.377,600 3,655,600 4.782,400 Sales Cost of goods sold Gross profit Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing $ 57.60 per unit 5 10.60 per unit $ 9.10 per unit $ 12.60 per unit $1,276,800 per year 1. Compute gross profit assuming (m) 76,000 units are produced and 76,000 units are sold and ( 112,000 units are produced and 76,000 units are sold 2. By how much would the company's gross profit increase or decrease from producing 36,000 more units than it selle? Sales price Direct materials Direct labor Variable overhead Fixed overhead Complete this question by entering your answers in the tabs below. Required 1 Required 2 By how much would the company's grans profit increase or decrease from producing 36,000 more units than it sellis? Gross petit by