QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 22,000 units of its product at a price of $64.00 per unit. Direct materials Direct labor Overhead costs for the year $ 10.40 per unit $ 12.40 per unit Variable overhead Fixed overhead per year 3.40 per unit $57,600.00 Selling and administrative costs for the year Variable Fixed 2.40 per unit $ 65,600 Normal production level (in units) 22,000 units Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume 22,000 units Cost of goods sold ariable overhead per unit Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 22,000 units