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.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.