Ludington Corporation Provides the Following Data from a Recent Period

question 5

Essay

Ludington Corporation provides the following data from a recent period for its manufacture of shoes: variable manufacturing costs, $24,000; variable selling 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:

Violent Crime

Criminal acts that involve force or the threat of force against others, including but not limited to homicide, rape, robbery, and assault.

Implicit Prejudice

Unconscious biases or attitudes toward people or groups without conscious knowledge.

Anti-Gay Prejudice

Negative attitudes, beliefs, or discrimination directed towards individuals who are gay or perceived to be gay.

LGBTQ Rates

Refer to statistical figures that quantitatively describe aspects of the LGBTQ (Lesbian, Gay, Bisexual, Transgender, and Queer) community, such as population size, health disparities, or discrimination experiences.