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Question - Ramort Company reports the following for its single product. Ramort produced and sold 23,200 units this year.
Direct materials $26 per unit
Direct labor $28 per unit
Variable overhead $19 per unit
Fixed overhead $46,400 per year
Variable selling and administrative expenses $3 per unit
Fixed selling and administrative expenses $68,400 per year
Sales price $108 per unit
Required - Compute contribution margin for the company under variable costing.
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