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Gibson Corporation produced 209,000 watches that it sold for $17 each during year 2. The company determined that fixed manufacturing cost per unit was
Gibson Corporation produced 209,000 watches that it sold for $17 each during year 2. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,045,000 gross margin on its year 2 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
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