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Ramort Company reports the following cost data for its single product. The company regularly sells 23,400 units of its product at a price of $111

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Ramort Company reports the following cost data for its single product. The company regularly sells 23,400 units of its product at a price of $111 per unit. $ $ 27 per unit 29 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) $ 20 per unit $46,800 $ 36 per unit $68,600 23,400 units If Ramort doubles its production to 46,800 units while sales remain at the current 23,400-unit level, by how much would the company's gross margin increase or decrease under absorption costing? Answer is complete but not entirely correct. Gross margin increases by $ 20,600 X

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