Question: Problem: Module 5 Textbook Problem 5 Learning Objective: 5 - 5 Prepare an income statement using the contribution margin approach Estrada Corporation produced 2 1

Problem: Module 5 Textbook Problem 5
Learning Objective: 5-5 Prepare an income statement using the contribution margin approach
Estrada Corporation produced 210,000 watches that it sold for $20 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,470,000 gross margin on its financial statements.
Required
Determine the variable cost per unit, the total variable product cost, and the total contribution margin
\table[[],[Variable cost per unit],[Total vanable product cost],[Total contribution margin]]
Problem: Module 5 Textbook Problem 5 Learning Objective: 5-5 Prepare an

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