FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 22,400 units this year.
$ 22 per unit
$ 24 per unit
$ 15 per unit
$ 44,800 per year
$ 2 per unit
Direct materials
Direct labor
Variable overhead
Fixed overhead
Variable selling and administrative expenses
Fixed selling and administrative expenses
Sales price
QS 19-9 (Algo) Computing gross profit under absorption costing LO P2
Compute gross profit under absorption costing.
$ 67,600 per year
$ 96 per unit
RAMORT COMPANY
Gross Profit (Absorption Costing)
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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 22,400 units this year. $ 22 per unit $ 24 per unit $ 15 per unit $ 44,800 per year $ 2 per unit Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price QS 19-9 (Algo) Computing gross profit under absorption costing LO P2 Compute gross profit under absorption costing. $ 67,600 per year $ 96 per unit RAMORT COMPANY Gross Profit (Absorption Costing)
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