Answered step by step
Verified Expert Solution
Question
1 Approved Answer
12 Use the following Information for the Exercises below. (The following information applies to the questions displayed below) Hudson Co. reports the contribution margin Income
12
Use the following Information for the Exercises below. (The following information applies to the questions displayed below) Hudson Co. reports the contribution margin Income statement for 2019 WOON.CO. Contribution in Income Statement For Year Ended December 31, 2017 Sales (9,900 units at $225 each) 52,227,500 vacible costs (9,90 units at $10 each) 1,702,000 Contribution margin 445,500 Fixed costs 342.00 Pretax incon $ 103,500 Exercise 21-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co has a target pretox income of $165.000 for 2020. What amount of sales in dollars) is needed to produce this 2. if Huduon achteves its target pretex Income for 2020, what is its margin of safety in percent? (Round your answer to 1 decimal place.) target income? 1 Amount of sales 2. Margin of safety Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started