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Jax Incorporated reports the following data for its only product. The company had no beginning...

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Accounting

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
$56.60 per unit
$9.60 per unit
$7.10 per unit
$11.60 per unit
$910,800 per year
Compute gross profit assuming (a)66,000 units are produced and 66,000 units are sold and (b)92,000 units are produced and 66,000 units are sold.
By how much would the company's gross profit increase or decrease from producing 26,000 more units than it sells?
Complete this question by entering your answers in the tabs below.
Compute gross profit assuming (a)66,000 units are produced and 66,000 units are sold and (b)92,000 units are produced and 66,000 units are sold.
\table[[Sales,\table[[(a)66,000 Units],[Produced and 66,000],[Units Sold]],\table[[(b)92,000 Units],[Produced and 66,000],[Units Sold]]],[$,3,735,600,$,5,207,200
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