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Required information

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

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Ramort Company reports the following for its single product. Ramort produced and sold $20,200$ units this year.

Direct materials

Direct labor $$11$ per unit

Variable overhead $$13$ per unit

Fixed overhead

$$4$ per unit

Variable selling and administrative expenses

$$40,400$ per year

Fixed selling and administrative expenses

$$3$ per unit

Sales price

$$65,400$ per year

$$63$ per unit

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

Compute contribution margin for the company under variable costing.

$\backslash$table$[[$RAMORT COMPANY,$],[$Contribution Margin $($Variable Costing$),],[$Variable expenses,,$],[,,],[,,],[,,],[,,]]$