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[The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 22,200 units this year.

Direct materials	$ 21	per unit
Direct labor	$ 23	per unit
Variable overhead	$ 14	per unit
Fixed overhead	$ 44,400	per year
Variable selling and administrative expenses	$ 4	per unit
Fixed selling and administrative expenses	$ 67,400	per year
Sales price	$ 93	per unit

Required information [The following information applies to the questions displayed below.] Ramont Company reports the following for its single product. Ramort produced and sold 22,200 units this year. Direct materials $ 21 per unit Direct labor $ 23 per unit Variable overhead $ 14 per unit Fixed overhead $ 44, 400 per year Variable selling and administrative expenses $ 4 per unit Fixed selling and administrative expenses $ 67, 400 per year Sales price $ 93 per unit Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Contribution margin Gross profit Contribution margin Cost of goods sold Fixed selling and administrative expenses Gross profit Sales Variable selling and administrative expenses