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Exercise 11-18 Determining variable cost from incomplete cost data Laya Corporation produced…

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Exercise 11-18    Determining variable cost from incomplete cost data

Laya Corporation produced 200,000 watches that it sold for $16 each during 2012. The company determined that fixed manufacturing cost per unit was $7 per watch. The company reported a

$800,000 gross margin on its 2011 financial statements.

Required

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

 

Nov 10 2015 06:26 AM

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