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Stuart Corporation produced 215,000 watches that it sold for $16 each during year 2. The...

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Accounting

Stuart Corporation produced 215,000 watches that it sold for $16 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $430,000 gross margin on its year 2 financial statements.

Required

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

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