Munoz Corporation produced 215,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $645,000 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 $ $ $ 1,290,000 1,935,000

Munoz Corporation produced 215,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $9 per watch. The company reported a $645,000 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 $ $ $ 1,290,000 1,935,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 8E: The sales price per unit is 13 for the Voyageur Companys only product. The variable cost per unit is...

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