QS 19-7 Variable costing and contribution margin LO P2 Ramart Company reports the following cost data for its single product. The company regularly sells 24,500 units of its product at a price of $69.00 por un 3 10.90 per unit $12.00 per unit Direet watterials Direct Labor Overhead costs for the year Varile overhead Pixed overhead per year Selling and aistrative costs for the year Variable Fixed Normal production level (in units) $3.90 per unit $ 84,100 32.90 per unit 566,100 24,500 units Compute contribution margin under variable costing. RAMORT COMPANY Contribution margin QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following Information regarding its production costs. $ $ $ 10.30 per unit 20.30 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10.30 per unit $ 190,900 23,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 20-7 Manufacturing: Direct materials budget LO P1 Zortek Corp. budgets production of 300 units in January and 390 units in February. Each finished unit requires five pounds of raw material Z, which costs $3 per pound. Each month's ending twentory of raw materials should be 50% of the following month's budgeted production. The January 1 raw materials inventory has 100 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) units ibs lbs Materials needed for production (lbs.) Total materiais requirements (lbs) lbs. lbs lbs lbs per lb Materials to be purchased (lbs) Total cost of direct materials purchases