Ramort Company reports the following cost data for its single product. The company regularly sells...
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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 materlals Direct labor Overhead costs for the year s 10 per unit S 12 per unit Variable overhead Fixed overhead per year Variable $ 3 per unit $40,000 Selling and adminstrative costs for the year $ 2 per unit $65, 200 Fixed Normal production level (in units) 20,000 units Compute contribution margin under variable costing 3 Answer is not complete. RAMORT COMPANY Contribution margin Sales 1200 000 Less Variable expenses Variable seling and administrative expense Varlable manufacuring expense Variatie selling and adrniristrative expense Total variable expense Contribution margin 60,000
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