Ramort Company reports the following for its single product. Ramort produced and sold 20,600 units this yea $ 13 per unit $ 15 per unit $ 6 per unit $ 41,200 per year $ 2 per unit 65,800 per year $ 69 per unit $ Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the following information for the Quick Study below. (Algo)
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Ramort Company reports the following for its single product. Ramort produced and sold 20,600 units this year.
Direct materials
Direct labor
Variable overhead
Fixed overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Sales price
QS 19-11 (Algo) Computing contribution margin under variable costing LO P2
Compute contribution margin for the company under variable costing.
Variable expenses
$ 13 per unit
$ 15 per unit
$ 6 per unit
$ 41,200 per year
$2 per unit
$ 65,800 per year
$ 69 per unit
RAMORT COMPANY
Contribution Margin (Variable Costing)
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 20,600 units this year. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price QS 19-11 (Algo) Computing contribution margin under variable costing LO P2 Compute contribution margin for the company under variable costing. Variable expenses $ 13 per unit $ 15 per unit $ 6 per unit $ 41,200 per year $2 per unit $ 65,800 per year $ 69 per unit RAMORT COMPANY Contribution Margin (Variable Costing)
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