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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 $23,600$ units this year.

Direct materials

Direct labor

Variable overhead

Fixed overhead

Variable selling and administrative expenses

Fixed selling and administrative expenses

Sales price

$$28$ per unit

$$30$ per unit

$$21$ per unit

$$47,200$ per year

$$2$ per unit

$$68,800$ per year

$$114$ per unit

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

Compute contribution margin for the company under variable costing.

Answer is complete but not entirely correct.