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 20,400 units this year. Direct materials $ 12 per unit Direct labor $ 14 per unit Variable overhead $ 5 per unit Fixed overhead $ 40,800 per year Variable selling and administrative expenses $ 4 per unit Fixed selling and administrative expenses $ 65,600 per year Sales price $ 66 per unit QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing)