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 23,200 units this year. Direct materials $26 per unit Direct labor $ 28 per unit $ 19 per unit Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 46,400 per year $ 3 per unit $68,400 per year $ 108 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) Fixed selling and administrative expenses Sales price $ 68,400 per year $ 108 per unit k . QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 ces Compute gross profit under absorption costing.. RAMORT COMPANY Gross Profit (Absorption Costing)