Ramort Company reports the following cost data for its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unit. $ 10.80 per unit $ 12.80 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and adminstrative costs for the year Variable Fixed Normal production level (in units) $ 3.80 per unit $ 78,400 $ 2.80 per unit $ 66,000 24,000 units Compute contribution margin under variable costing. $ 1,632,000 RAMORT COMPANY Contribution margin Sales Less: Variable expenses Variable manufacuring expense Fixed overhead costs Variable selling and administrative expense Total variable expense Contribution margin