Question: Problem: Module 5 Textbook Problem 5 Learning Objective: 5-5 Prepare an income statement using the contribution morgin opproach Estrada Corporation produced 204,000 watches that it

Problem: Module 5 Textbook Problem 5 Learning Objective: 5-5 Prepare an income statement using the contribution morgin opproach Estrada Corporation produced 204,000 watches that it sold for $20 each. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $1,224,000 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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