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CVP 4 Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. 1. Assume Hudson

CVP 4

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Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. 1. Assume Hudson has a target income of $167,000. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal ploce.)

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