Required information [The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 21,400 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $17 per unit $15 per unit $10 per unit $ 42,000 per year $3 per unit $ 66,600 per year $1 per unit Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold Gross profit $ 1,733,400 Required information [The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 21,400 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $17 per unit $ 19 per unit $10 per unit $42,800 per year $3 per unit $ 66,600 per year $ 81 per unit Ramort doubles its production from 21,400 to 42,800 units while sales remain at the current 21,400 unit level. (a) Compute gross profit when production is 42,800 units under absorption costing. (b) What is the change in gross profit by increasing production from 21,400 units to 42,800 units under absorption costing? Complete this question by entering your answers in the tabs below. Required A Required B What is the change in gross profit by increasing production from 21,400 units to 42,800 units under absorption costing? Gross profit increases by