Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ludington corporation provides the following data

Ludington Corporation provides the following data from a recent period for its manufacture of shoes:...

60.1K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Solve by Quadratic Formula 2x 3x 10

Geometry
Q

A gas mixture containing 60% N2 and the balance n-hexane flows through a pipe at a...

Chemistry
Q

Complete the questions below. Submit only an Excel spreadsheet with your name, one tab for each...

Finance
Q

What is produced in frog primary oocytes in response to progesterone that results in MPF...

Biology
Q

7 68 A thin rod of length L area of cross section S is pivoted...

Physics
Q

ONGRUENT TRIANGLE PI ven XV XZ V Z ove 2W LY atements

Geometry
Q

Find sin 255 without using a calculator.-?2-?[?]/[ ]

Basic Math
Q

write a report discussing the auditor's use if analytical procedures in conducting an audit. what...

Accounting
Q

Climate Control Systems Co. offers its services to residents in the Spokane area. Selected accounts...

Accounting
Q

Yosemite Bike Corp. manufactures mountain bikes and distributes them through retail outlets in California, Oregon,...

Accounting
Q

A loan is being repaid by the amortization method with an installment at the end...

Accounting
Q

answer both parts! thank u You hear on the news...

Finance