QS 19-6 Absorption costing and gross margin LO P2 Ramont Company reports the following cost data for its single product. The company regularly sells 22,400 units of its product at price of $96 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 Fixed Normal production level (in units) $ 22 per unit $ 24 per unit $ 15 per unit $44,800 $ 26 per unit $67,600 22,400 units If Ramort doubles its production to 44,800 units while sales remain at the current 22,400-unit level, by how much would the company's gross margin increase or decrease under absorption costing? Gross margin by