Ramont Company reports the following cost data for its single product. The company regularly sells 18,000 units of its product at a price of $56.00 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) 9.60 per unit $ 11.60 per unit $ 2.60 per unit $25,600.00 $ 1.60 per unit 64,800 18,000 units Compute gross margin under absorption costing (Round unit cost amounts to 2 decimal places.) Production volume 18,000 units Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Cost of goods sold per unit Number of units sold Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume 18,000 units Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed 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 18,000 units Sales Cost of goods sold Gross margin