Rundle Corporation produced 208,000 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 $1,040,000 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 S 2,496,000 $ 1,040,000