(SOLVED) Ramort Company reports the following cost data for its single


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Ramort Company reports the following cost data for its single product. The company regularly sells 20.000 units of its product at a price of $60 per unit. Compute gross margin under absorption costing.
Direct materials…………………………….. $ 10 per unit
Direct labor………………………………… $ 12 per unit
Overhead costs for the year
Variable overhead…………………………… $ 3 per unit
Fixed overhead per year……………………… $ 40,000
Selling and administrative costs for the year
Variable……………………………………… $ 2 per unit
Fixed………………………………………… $ 65,200
Normal production level (in units)………… 20,000 units

Answer

$19