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Ramort Company reports the following cost data for its single product. The company regularly sells...

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Accounting

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Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. $ $ 10 per unit 12 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable 3 per unit $40,000 Fixed 2 per unit $65,200 20,000 units Normal production level (in units) Compute gross margin under absorption costing. Production volume 20,000 units Cost of goods sold: Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 20,000 units Compute contribution margin under variable costing. RAMORT COMPANY Contribution margin

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