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11 Part 2 of 5 Required information 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. 075 points Sed HOSON CO. Contribution Mergin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at $300 each) Variable costs (19.700 units at $240 each) Contribution margin Fixed costs Pretax Income $3,210,000 2,568,000 642,000 504, $ 190,000 eBook Hint Exercise 18-17 Target income and margin of safety (in dollars) LO C2 References 1. Assume Hudson Co has a target pretax income of $161,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. Hudson achieves its target pretax income for 2020, what is its margin of safety in percent)? (Round your answer to 1 decimal place) 1 Amount of sales 2 Margin of safety 12 Part 3 of 5 Required information 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, 0.75 Dots Spoed HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at 5.300 each) Variable costs (10.700 units at $240 each) Contribution margin Pixed costs Pretax income 33,210,000 2.568,000 642,000 500,000 $ 138,000 eBook Him Exercise 18-18 Evaluating strategies LO C2 Print Assume the company is considering investing in a new machine that will increase its fixed costs by $40.000 per year and decrease its variable costs by S8 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine References HUDSON CO. Forecasted Contribution Margin income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fbed costs Income (pretaxylon $ Should the company purchase the machine? 0 0 13 Part 4 of 5 Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] 0.75 points Hudson Co. reports the contribution margin income statement for 2019. Skipped HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at $300 each) Variable costs (10,700 units at $240 each Contribution margin Fixed costs Pretax income $3, 210,000 2,568 000 642, eee 504, 0eo 138,000 eBook Hint Exercise 18-19 Evaluating strategies LO C2 Print If the company raises its selling price to $320 per unit, References 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. 1 per unit % 2 2 Contribution margin Contribution margin ratio Break-even point Break-even sales dollars 3 units 4 14 Part 5 of 5 Required information 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 0.75 points HUDSON CO Contribution Hargin Income Statement For Year Ended December 31, 2019 Sales (10,700 units at $300 each) Variable costs (10,700 units at $240 cach) Contribution margin Fixed costs Pretax income $3,210,000 2565.000 642,000 504,000 $ 130.000 Book Hint Exercise 18-20 Evaluating strategies LO C2 Print The marketing manager belleves that increasing advertising costs by $98,000 in 2020 will increase the company's sales volume to 12.100 units. Prepare a forecasted contribution margin income statement for 2020 assuming the company incurs the additional advertising costs HUDSON CO. Forecasted Contribution Margie Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed cost Income (preta oss Should then the 0