Ramort Company reports the following for its single product. Ramort produced and sold 20,000 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 10 per unit $ 12 per unit $ 3 per unit $ 40,000 per year $ 2 per unit $ 65,200 per year $ 60 per unit QS 19-11 (Static) Computing contribution margin under variable costing LO P2 Compute contribution margin for the company under variable costing. Variable expenses RAMORT COMPANY Contribution Margin (Variable Costing)