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Use the following information for the Quick Study below. (Algo) [The following information...

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Accounting

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 22,400 units this year.
Direct materials
Direct labor
Variable overhead
Fixed overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Sales price
$22 per unit
$24 per unit
$15 per unit
$44,800 per year
$2 per unit
$67,600 per year
$96 per unit
QS 19-10(Algo) Absorption costing and overproduction LO C1
Ramort doubles its production from 22,400 to 44,800 units while sales remain at the current 22,400 unit level.
(a) Compute gross profit when production is 44,800 units under absorption costing.
(b) What is the change in gross profit by increasing production from 22,400 units to 44,800 units under absorption costing?
Complete this question by entering your answers in the tabs below.
Compute gross profit when production is 44,800 units under absorption costing.
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