Ludington Corporation Provides the Following Data from a Recent Period

question 196

Essay

Ludington Corporation provides the following data from a recent period for its manufacture of shoes: direct material costs,$24,000; direct labor costs,$12,000; and total fixed costs,$40,000.Sales were $60,000 based on 12,000 units sold during the period.Calculate the contribution margin and the contribution margin ratio.

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Definitions:

Truck Drivers

Professionals responsible for transporting goods and materials from one location to another using commercial vehicles.

Urban Housing

Housing located within a city or an urban area, often characterized by its high density and the availability of essential services.

Acquisition Cost

The total cost incurred in acquiring a new asset or customer, including all expenses related to the purchase.

Building Costs

Expenses associated with constructing a physical structure, including materials, labor, and regulatory fees.