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Ramort Company reports the following cort data for its single product. The company regularly sells 23,000 units of its product at a price of $66.00

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Ramort Company reports the following cort data for its single product. The company regularly sells 23,000 units of its product at a price of $66.00 per unit 5 3 10.50 per mit 12.50 per mit Direct materials Direet Labor Overhead costs for the year Variable rechead Fixed overhead per year Selling and native for the year Variable Pixed Moral production de la munits) $ 3.60 permit $67. 600.00 S 5 2.60 pewnie 65,800 23,000 Compute gross margin under absorption costing (Round unit cost amounts to 2 decimal places.) Production volume 23. 000 units Cost of goods sold: Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 23,000 units QS 19-5 Absorption costing and gross margin LO P2 Ramont Company reports the following cost data for its single product. The company regularly sello 23,000 units of its product at a price of $66.00 per unit $ 10.60 per unit 12.60 per unit Direct materials Diret labor Overhead cost for the year Variable overhead Eixed overhead per year Selling and administrative cont for the year Vartale Pixed $ 3.60 per wit $67.600.00 5 $ 2.60 per unit 65,000 23.000 units Normal prodution level in itu Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume 23.000 units Cost of goods sold: Cost of goods sold per unit Number of whits sold Total cost of goods so

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