Ramort Company reports the following for its single product. Ramort produced and sold 20,000 units this year.
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Ramort Company reports the following for its single product. Ramort produced and sold 20,000 units this year. Compute gross profit under absorption costing.
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Direct materials.. Direct labor. Variable overhead. Fixed overhead... $10 per unit $12 per unit $3 per unit $40,000 per year Variable selling and administrative expenses... Fixed selling and administrative expenses Sales price....... ***** $2 per unit $65,200 per year $60 per unit
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