Dataport Company reports the following annual cost data for its single product:
This product is normally sold for $230 per unit.If Dataport increases its production to 100,000 units,while sales remain at the current 89,000 unit level,by how much would the company's gross margin increase or decrease under absorption costing? Assume the company has idle capacity to increase current production.
Definitions:
Easement
A legal right to use another's land for a specific limited purpose.
Adverse Possession
A legal principle allowing a person to claim ownership of land or property owned by another if they openly occupy and use it for a certain period.
Profit
The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Consideration
An item of worth provided by each party involved in a contract, motivating them to agree to swap obligations reciprocally.
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