The following information applies to the questions displayed below. Ramort Company reports the following for its single product. Ramort produced and sold 21,600 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price Compute gross profit under absorption costing. $ 18 per unit $ 20 per unit $ 11 per unit $ 43,200 per year $ 4 per unit $ 66, 800 per year S 84 per unit RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold Gross profit $ 1,814,400 21,600 9 Prev 5 6 of 7 Next