Required information

Use the following information for the Quick Study below. $($Algo$)$

$[$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

QS $19-11($Algo$)$ Computing contribution margin under variable costing LO P$2$

Compute contribution margin for the company under variable costing.