Ramort Company reports the following cost data for its single product. The company regularly sells 19,000 units of its product at a price of $58.00 per unit $ S 9.80 per unit 11.80 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) $ 2.80 per unit $32,400.00 $ $ 1.80 per unit 65,000 19,000 units Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Compute gross margin under absorption costing. (Round unit cost amounts to 2 decimal places.) Production volume 19,000 units 9.80 Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit 11.80 2.80 $ Cost of goods sold per unit Number of units sold Total cost of goods sold 24.40 19,000 463,600 $ RAMORT COMPANY Income Statement (partial) Sales volume Sales Cost of goods sold Gross margin 19,000 units $ 1,102,000 (463,600) 606,100 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 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) $ 10.80 per unit $ 12.80 per unit $ 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 $(566,400) (91,200) (67.200) (724.800) $ 907,200