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Ramort Company reports the following cost data for its single product. The company regularly sells 24,500 units of its product at a price of

Ramort 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 per unit. Direct materiala Direct labor Overhead coata for the year 10.90 per unit 12.90 per unit Variable overhead Fixed overhead per year Selling and administrative costs for the year 3.90 per unit $84,100.00 Variable Fixed 2.90 per unit 66,100 24,500 unita Normal produetion level (in unita) Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume Cost of goods nold: 24,500 unita Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume Cost of goods sold: 24,500 units Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 24,500 units

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