Laya Corporation produced 200,000 watches that it sold for $16 each during 2012. The company determined that

Question:

Laya produced 200,000 watches that it sold for $16 each during 2012. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported an $800,000 gross margin on its 2012 financial statements.
Required
Determine the variable cost per unit, the total variable, and the total .

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