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Exercise 19-12 Absorption costing and overproduction LO C1 Jacquie Inc. reports the following annual cost data for its single product. Normal production and sales level Sales price Direct materials Direct labor Variable overhead Fixed overhead 75,000 units $ 57.50 per unit $ 10.50 per unit $ 8.00 per unit $ 12.50 per unit $1,237,500 in total Complete the below table using absorption costing. (Round cost per unit answers to 2 decimal places.) Production volume 110,000 75,000 units units Cost of goods sold: X X X Cost of goods sold per unit Number of units sold Total cost of goods sold > Jacquie Inc. Income statement through gross margin Sales volume 75,000 units 75,000 units x If lanaula Increases its production to 110.000 units, while sales remain at the current Cost of goods sold: Production volume 75,000 units 110,000 units X x Cost of goods sold per unit Number of units sold Total cost of goods sold Jacquie Inc. Income statement through gross margin Sales volume 75,000 units 75,000 units If Jacquio increases its production to 110,000 units, while sales remain at the current 75,000-unit level, by how much would the company's gross margin increase or decrease under absorption costing? Assume the company has idle capacity to double current production. X Number of units sold Change in fixed overhead cost per unit Change in cost of goods sold: * Red text Indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. $ 0

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