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need help with this one Jax Incorporated reports the following data for its only product The company had no beginning finished goods inventory and it
need help with this one
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 $57.50 per unit Direct materials $ 10.5e per unit Direct labor $ 8.00 per unit Variable overhead $ 12.50 per unit $ 1,237,500 per year 1. Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced and 75,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 35,000 more units than it sells? Fixed overhead 21 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced and 75,000 units are sold. (a) 75,000 Units (b) 110,000 Units Produced and 75,000 Produced and 75,000 Units Sold Units Sold Gross profit ssment 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 $ 57.50 per unit Direct materials $19.50 per unit Direct labor $ 8.00 per unit Variable overhead $ 12.58 per unit FLxed overhead $ 1,237,500 per year 1. Compute gross profit assuming (a) 75,000 units are produced and 75,000 units are sold and (b) 110,000 units are produced and 75.000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 35,000 more units than it sells? Complete this question by entering your answers in the tabs below. Required 1 Required 2 By how much would the company's gross profit increase or decrease from producing 35,000 mgre units than it selis? Gross profit by Step by Step Solution
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