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PLEASE SHOW WORK! Gibson Corporation produced 203,000 watches that it sold for $16 each during year 2 . The company determined that fixed manufacturing cost
PLEASE SHOW WORK!
Gibson Corporation produced 203,000 watches that it sold for $16 each during year 2 . The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $406,000 gross margin on its year 2 financial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution marginStep by Step Solution
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