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 $22,400$ units this year.

Direct materials

Direct labor $$22$ per unit

Variable overhead $$24$ per unit

Fixed overhead $ $$15$ per unit

Variable selling and administrative expenses

$$44,800$ per year

Fixed selling and administrative expenses

Sales price

$$67,600$ per year

$$96$ 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,,$],[,,],[,,],[,,],[,,]]$