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Determine the variable cost per unit

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Determining variable cost from incomplete cost data

Thornton Corporation produced 212,000 watches that it sold for $20 each during year 2. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a $1,484,000 gross margin on its year 2 financial statements.

Required

Determine the variable cost per unit, the total variable cost, and the total contribution margin.

Reference no: EM132506222

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