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 1. Compute gross profit assuming (a) 76,000 units are produced and 76,000 units are sold and (b) 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 sells? Complete this question by entering your answers in the tabs below. Required 1 $57.60 per unit $10.60 per unit $ 8.10 per unit $ 12.60 per unit $ 1,276,800 per year Required 2 Gross profit Compute gross profit assuming (a) 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 Produced and 76,000 Units Sold (b) 112,000 Units Produced and 76,000 Units Sold < Required 1 Required 2 >

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