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 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 P2 Compute contribution margin for the company under variable costing. Sales RAMORT COMPANY Contribution Margin (Variable Costing) $ 8 Variable expenses Fixed selling and administrative costs $ 28 Variable cost of goods sold 30 Fixed overhead costs 21 79 Gross profit $ 81