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 $23,400$ units this year.

Direct materials

Direct labor

Variable overhead

Fixed overhead

Variable selling and administrative expenses

Fixed selling and administrative expenses

Sales price

$ $27$ per unit

$ $29$ per unit

$ $20$ per unit

$$46,800$ per year

$$4$ per unit

$$68,600$ per year

$ $111$ per unit

QS $19-9($Algo$)$ Computing gross profit under absorption costing LO P$2$

Compute gross profit under absorption costing.