Estrada Corporation produced 214,000 watches that it sold for $17 each during 2015. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $856,000 gross margin on its 2015 financial statements. Required: Determine the variable cost per unit, the total variable cost, and the total contribution margin.

Estrada Corporation produced 214,000 watches that it sold for $17 each during 2015. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $856,000 gross margin on its 2015 financial statements. Required: Determine the variable cost per unit, the total variable cost, and the total contribution margin. Variable cost per unit Total variable cost Total contribution margin