Accounting 2 fill in the blanks (4 blanks)

[The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2017 HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (11,600 units at $225 each) Variable costs (11,600 units at $180 each) Contribution margin Fixed costs Pretax income $2,610,000 2,088,000 $ 522,000 315,000 $ 207,000 If the company raises its selling price to $240 per unit. 1. Compute Hudson Co.'s contribution margin per unit. 2. Compute Hudson Co.'s contribution margin ratio. 3. Compute Hudson Co.'s break-even point in units. 4. Compute Hudson Co.'s break-even point in sales dollars. Answer is complete but not entirely correct. 1. $ 45 X per unit 20 X % 2. Contribution margin Contribution margin ratio Break-even point Break-even sales dollars 3. 7,000 units 4 1,575,000