Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below) Ramont Company reports the following for its single product. Ramort produced and sold 20,400 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 12 per unit $ 14 per unit $5 per unit $ 40,800 per year $ 4 per unit $ 65,600 per year $ 66 per unit QS 19-10 (Algo) Absorption costing and overproduction LO C1 Ramort doubles its production from 20,400 to 40,800 units while sales remain at the current 20,400 unit level. (a) Compute gross profit when production is 40,800 units under absorption costing, (b) What is the change in gross profit by increasing production from 20,400 units to 40,800 units under absorption costing? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Compute gross profit when production is 40,800 units under absorption costing, RAMORT COMPANY Gross Profit (Absorption Costing) Sales 1,346,400 Variable selling and administrative expenses 262,400 Gross profit 1,084,000 S Required > Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B What is the change in gross profit by increasing production from 20,400 units to 40,800 units under absorption costing? Gross profit increases by