Ramort Company reports the following cost data for its single product. The company regularly selis 19,000 units of its product at a price of $58.00 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) $ 9.80 per unit 11.80 per unit $ 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.) Answer is not complete. Production volume Cost of goods sold: 19,000 units Direct materials per unit S 9.80 Direct labor per unit 11.80 Variable overhead per unit 2.80 Fixed overhead per unit Cost of goods sold per unit Number of units sold Total cost of goods sold 24.40 496,000 X $ 12,102,400 RAMORT COMPANY Income Statement (partial) Sales Cost of goods sold Gross margin Sales volume 19,000 units $ 1.102,000 (12, 102,400) 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 $ 12.89 per unit $ 3.80 per unit $78,400 $ 2.80 per unit $ 66,000 24,000 units Compute contribution margin under variable costing. Answer is complete but not entirely correct. RAMORT COMPANY Contribution margin 1,632.000 Sales Less: Variable expenses Variable manufacuring expense Fixed overhead costs Variable selling and administrative expense Total variable expense Contribution margin OOO OO 259,200 $ 307,200 91,200 667.600 $ 907,200