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Problem: Module 5 Textbook Problem 5 Learning Objective: 5 - 5 Prepare an income statement using the contribution margin approach Estrada Corporation produced 2 2
Problem: Module Textbook Problem
Learning Objective: Prepare an income statement using the contribution margin approach
Estrada Corporation produced watches that it sold for $ each. The company determined that fixed manufacturing cost per
unit was $ per watch. The company reported a $ gross margin on its financial statements.
Required
Determine the variable cost per unit, the total variable product cost, and the total contribution margin.
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