24 Required information [The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 21,800 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 19 per unit $ 21 per unit $12 per unit $ 43,600 per year $2 per unit $ 67,000 per year $ 87 per unit Compute contribution margin for the company under variable costing. RAMORT COMPANY Contribution Margin (Variable Costing) Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin