Required information [The following information applies to the questions displayed below.] Ramort Company reports the following for its single product. Ramort produced and sold 20,400 units this year. Direct materials Direct labor $ 12 per unit $ 14 per unit $5 per unit Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price Complete this question by entering your answers in the tabs below. Ramort doubles its production from 20,400 to 40,800 units while sales remain at the current 20,400 unit level. (a) Compute contribution margin when production is 40,800 units under variable costing. (b) What is the change in contribution margin by increasing production from 20,400 units to 40,800 units under variable costing? Required A Required B Variable expenses Compute contribution margin when production is 40,800 units under variable costing. Contribution margin $ 40,800 per year $4 per unit RAMORT COMPANY Contribution Margin (Variable Costing) $ 65,600 per year $66 per unit < Required A ABIELBICOL! Required B >

what is a P&L

3. What is the NAV?

Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800