Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing
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Question:
Estrada Corporation produced 300,000 watches that it sold for $35 each. The company determined that fixed manufacturing cost per unit was $14 per watch. The company reported a $2,700,000 gross margin on its financial statements.
Required
Determine the variable cost per unit, the total variable product cost, and the total contribution margin.
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