QS 19-16 Absorption costing and overproduction LO C1 Under absorption costing, a company had the following per unit costs when 10,000 units were produced. Direct labor Direct materials Variable overhead Total variable cost Fixed overhead ($75,000/10, 080 units) Total product cost per unit $ 4.00 5.00 6.00 15.00 7.50 $22.50 Required: 1. Compute the company's total product cost per unit under absorption costing if 12,500 units had been produced. 2. Fill in the blank with increase or decrease. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's total product cost per unit under absorption costing if 12,500 units had been produced. (Round your answer to 2 decimal places.) Total production cost per unit Required 2 > QS 19-16 Absorption costing and overproduction LO C1 Under absorption costing, a company had the following per unit costs when 10,000 units were produced. Direct labor Direct materials Variable overhead Total variable cost Fixed overhead ($75,000/10,000 units) Total product cost per unit $ 4.00 5.00 6.00 15.00 7.50 $22.50 Required: 1. Compute the company's total product cost per unit under absorption costing if 12,500 units had been produced. 2. Fill in the blank with increase or decrease Complete this question by entering your answers in the tabs below. Required 1 Required 2 Fill in the blank with increase or decrease: f production is greater than sales, cost of goods sold under absorption costing will