Estrada Corporation produced 215,000 watches that it sold for $16 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $645,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution margin

Estrada Corporation produced 215,000 watches that it sold for $16 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $645,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cost Total contribution margin

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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