Under absorption costing, a company had the following per unit costs when 5,000 units were produced. Direct materials Direct labor Variable overhead Fixed overhead ($60,000/5,000 units) $ 4.00 3.00 5.00 12.00 $ 24.00 Total product cost per unit 1. Compute total product cost per unit under absorption costing if instead 8,000 units are produced. Total fixed overhead remains at $60,000. 2. If units produced is greater than units sold, will cost of goods sold under absorption costing increase or decrease? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute total product cost per unit under absorption costing if instead 8,000 units are produced. Total fixed overhead remains at $60,000. (Round your answers to 2 decimal places.) Absorption costing Product cost per unit Per unit $ 0.00 < Required 1 Required 2 >