Ramort Company reports the following cost data for its single product. The company regularly sells 22,400 units of its product at a price of $78 per unit. If Ramort doubles its production to 44,800 units while sales remain at the current 22,400-unit level, by how much would the company's contribution margin increase or decrease under variable costing? 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) 16 per unit $ 18 per unit $ 9 per unit $44,800 $ 14 per unit $66,400 22,400 units Would the income be different if using variable costing Instead of absorption costing? RAMORT COMPANY Variable Costing Income Statement (Partial) Production volume (units) 22,400 Sales volume (units) 22,400 44.800 22.400 Net income (@ stv 09 Du 3 4 96 5 8 7 0) C 9 8 E R T Y 0 D F G H K Saved 9 Homework saved Puuuu . LALU Normal production level (in units) 22,400 units Would the income be different if using variable costing instead of absorption costin RAMORT COMPANY Variable Costing Income Statement (Partial) Production volume (units) 22,400 Sales volume (units) 22,400 44,800 22,400 Net income es Under variable costing, can a company increase its net income by increasing production