Ramort Company reports the following cost data for its single product. The company regularly sells...
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Accounting
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. $ $ 10 per unit 12 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) $ 3 per unit $ 40,000 $ 2 per unit $65,200 20,000 units Compute contribution margin under variable costing. RAMORT COMPANY RAMORT Contribution margin Sales $ 1,200,000 Variable manufacuring expense Variable selling and administrative expense Total variable expense Contribution margin
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