Problem: Module 5 Textbook Problem Learning Objective: 5-5 Prepare an income statement using the contribution margin approach Estrada Corporation produced 201,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,005,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin Saved Variable cost per unit Total variable product cost Total contribution margin 5 1 points Problem: Module 5 Textbook Problem 5 Learning Objective: 5-5 Prepare an income statement using the contribution margin approach Estrada Corporation produced 201,000 watches that it sold for $18 each. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,005,000 gross margin on its financial statements. Required Determine the variable cost per unit, the total variable product cost, and the total contribution margin. Variable cost per unit Total variable product cont Total contribution margin