3:17 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 22,000 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $20 per unit $ 22 per unit $ 13 per unit $ 44,000 per year $3 per unit $ 67,200 per year $ 90 per unit QS 19-10 (Algo) Absorption costing and overproduction LO C1 Ramort doubles its production from 22,000 to 44,000 units while sales remain at the current 22,000 unit level. (a) Compute gross profit when production is 44,000 units under absorption costing. (b) What is the change in gross profit by increasing production from 22,000 units to 44,000 units under absorption costing? Complete this question by entering your answers in the tabs below. Required A Required B Compute gross profit when production is 44,000 units under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing)