QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 10.80 per unit $ 12.80 per unit $ 3.80 per unit $78,400.00 $ $ 2.80 per unit 65,000 24,000 units Compute gross margin under absorption costing (Round unit cost amounts to 2 decimal places.) Production volume 24,000 units Cost of goods sold: Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement partiel) Sales volume QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 24,000 units of its product at a price of $68.00 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 10.80 per unit $ 12.80 per unit $ 3.80 per unit $78,400.00 $ $ 2.80 per unit 65,000 24,000 units Compute gross margin under absorption costing (Round unit cost amounts to 2 decimal places.) Production volume 24,000 units Cost of goods sold: Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement partiel) Sales volume