Ramort Company reports the following cost data for its single product. The company regularly sells 17500 units of its product ot a price of $55.00 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) $ 9.50 per unit $ 11.50 per unit 2.50 per unit $22,500.00 $ 1.50 per unit 5 1,700 17,50 units Compute gross margin under absorption costing (Round unit cost amounts to 2 decimal places.) Production volume 17,500 units Cost of goods sold Cost of goods sold per unit Na Prey 5 of 18 Next > Ched Production volume 17,500 units Cost of goods sold: Book ences Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 17.500 units