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QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold 2,505,600

QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold 2,505,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information 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 23,200 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold Gross profit $ 26 per unit $ 28 per unit $ 19 per unit $ 46,400 per year $3 per unit $68,400 per year $ 108 per unit 2,505,600
Transcribed Image Text:Required information 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 23,200 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. RAMORT COMPANY Gross Profit (Absorption Costing) Sales Cost of goods sold Gross profit $ 26 per unit $ 28 per unit $ 19 per unit $ 46,400 per year $3 per unit $68,400 per year $ 108 per unit 2,505,600
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