Ramort Company reports the following cost data for its single product. The compa

Question

Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product at a price of $63.00 per unit. Direct materials Direct labor Overhead costs for the year 10.30 per unit $12.30 per unit Variable overhead Fixed overhead per year $ 3.30 per unit $52,900 Selling and adminstrative costs for the year Variable Fixed $ 2.30 per unit s 65,500 Normal production level (in units) 21,500 units Compute contribution margin under variable costing. RAMORT COMPANY Contribution margin Sales Variable manufacuring expense Variable selling and administrative expense Total variable expense Contribution margin

Explanation / Answer

Contribution margin Sales 1354500 Variable expenses: Variable manufacturing expense 556850 Variable selling and administrative expense 49450 Total variable expense 606300 Contribution margin 748200

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