value 2.00 points Quick Study 19-7 Variable costing and contribution margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. Direct materials Direct labor Overhead costs for the year 10 per unit 12 per unit 3 per unit Variable overhead Fixed overhead per year 40,000 Selling and adminstrative costs for the year 2 per unit Variable Fixed 65,200 20,000 units Normal production level (in units) Compute contribution margin under variable costing RAMORT COMPANY Contribution margin ales ess: Variable expenses Variable manufacuring expense ontribution margin