The following moment applies to the questions displayed below. Ramort Company reports the following for its single product. Ramort produced and sold 20,000 units th Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 10 per unit $ 12 per unit $ 3 per unit $ 40,000 per year $2 per unit $ 65, 200 per year $ 60 per unit Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Contribution margin Cost of goods sold Fixed selling and administrative expenses Gross profit