Ramort Company reports the following cost data for its single product. The company regularly sells 20,500 units of its product at a price of $61 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 $10.10 per unit $12.10 per unit $3.10 per unit $44,100 $2.10 per unit $65,300 Normal production level (in units) 20,500 units Compute gross margin under absorption costing.

Ramort Company reports the following cost data for its single product. The company regularly sells 20,500 units of its product at a price of $61 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 $10.10 per unit $12.10 per unit $3.10 per unit $44,100 $2.10 per unit $65,300 Normal production level (in units) 20,500 units Compute gross margin under absorption costing.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EA: Cool Pool has these costs associated with production of 20,000 units of accessory products: direct...

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