Ramort Company reports the following cost data for Its single product. The company regularly sells...
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Accounting
Ramort Company reports the following cost data for Its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unlt. Direct materials Direct labor Overhead costs for the year $ 18.88 per unit $12.88 per unit Variable overhead Fixed overhead per year 3.8e per unit $78,488.e0 Selling and administrative costs for the year Variable Fixed 2.8e per unit $66,980 Normal production level (in units) 24,98e units Compute gross margin under absorption costing. (Round unlt cost amounts to 2 decimal places.) volume Cost of goods sold 24.000 units Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 24.000 units
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