Ramort Company reports the following cost data for its single product. The company regularly sells 16,000 units of its product at a price of $52.00 per unit.

5. units of its product at a price of $52.00 per unit. Direct materials Direct labor Overhead costs for the year $ 9.20 per unit S 11.20 per unit Variable overhead Fixed overhead per year S 2.20 per unit $ 14,400 Selling and adminstrative costs for the year Variable Fixed $ 1.20 per unit S64,400 Normal production level (in units) 16,000 units Compute contribution margin under variable costing. RAMORT COMPANY Contribution margin