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Fanning Corporation produced 217,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $9

Fanning Corporation produced 217,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $651,000 gross margin on its year 2 financial statements.

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Determine the variable cost per unit, the total variable cost, and the total contribution margin.

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