Question
In: Accounting
East West Company produced 204,000 watches last year and sold all of them during the last...
| East West Company produced | 204,000 | watches | last year and sold all of them during the last year. | ||||||
| The average selling price per watch was | $20.00 | ||||||||
| The average fixed manufacturing cost was | $7.00 | per unit | |||||||
| The company reported a gross margin of | $1,428,000 | in last year's income statement. | |||||||
| Company had no beginning or ending inventory for the last year. | |||||||||
| Assume that company incurred no other costs. | |||||||||
| Required: | |||||||||
| (A) Unit variable manufacturing cost during the last year | |||||||||
| (B) Total variable manufacturing cost incurred during last year | |||||||||
| (C) Total contribution margin generated during last year. | |||||||||
| Round all your final answers to two digits. | |||||||||
| Type only the number and no dollar sign or any other text in the answer box. | |||||||||
| Unit Variable manufacturing cost | $ | ||||||||
| Total Variable manufacturing cost incurred | $ | ||||||||
| Total contribution generated during last year | $ | ||||||||
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ekkarill92 answered 2 years agoRelated Solutions
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