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Accounting

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Ramort Company reports the following for its single product. Ramort produced and sold 20,800 units this year.
Direct materials $ 14 per unit
Direct labor $ 16 per unit
Variable overhead $ 7 per unit
Fixed overhead $ 41,600 per year
Variable selling and administrative expenses $ 3 per unit
Fixed selling and administrative expenses $ 66,000 per year
Sales price $ 72 per unit
Compute contribution margin for the company under variable costing.

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