Report Company reports the following for its single product. Ramort produced and sold 20,000 units this year. Direct materials $ 10 per unit Direct labor $ 12 per unit Variable overhead $ 3 per unit Fixed overhead $ 40,000 per year Variable selling and administrative expenses $ 2 per unit Fixed selling and administrative expenses $ 65,200 per year Sales price $ 60 per unit Compute gross profit under absorption costing.