Felix & Co. reports the following information about its units produced and total costs. Units Produced Period Period 1 6 Total Costs $5,570 6,170 2 470 7 Total Costs $2,570 3,170 3,770 4,370 4,970 Units Produced 2,070 2,470 2,870 3,270 3,670 3 870 8 6,770 4 9 1,270 1,670 7,370 8,442 5 10 Estimate total costs if 3,070 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point High-Low method - Calculation of variable cost per unit High-Low method - Calculation of fixed costs Total cost at the high point Vanable costs at the high point: Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point + Variable costs at the low point: Volume at the low point Vanable cost per unit Total variable costs at the low point Total fixed costs Estimated total cost Required information [The following information applies to the questions displayed below.) Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,000 units at $300 each) Variable costs (11,000 units at $240 each) Contribution margin Fixed costs $3,300,000 2,640,000 660,000 360,000 $ 300,000 Pretax income 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. Break-even point units 2 Break-even point [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,000 units at $300 each) Variable costs (11,000 units at $240 each) Contribution margin Fixed costs $3,300,000 : 2,640,000 660,000 360,000 $ 300,000 Pretax income 1. Assume Hudson Co. has a target pretax income of $158,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If 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 rur rear crueu vecemer 1, 2017 Sales (11,000 units at $300 each) Variable costs (11,000 units at $240 each) Contribution margin Fixed costs $3,300,000 2,640,000 660, eee 360,000 $ 300,000 Pretax income Assume the company is considering investing in a new machine that will increase its fixed costs by $38,500 per year and decrease its variable costs by $8 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (pretaxy/Loss Should the company purchase the machine? HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,000 units at $300 each) Variable costs (11,000 units at $240 each) Contribution margin Fixed costs $3,300,000 2,640,000 660,000 360,000 $ 300,000 Pretax income If the company raises its selling price to $320 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. 1 Contribution margin Contribution margin ratio per unit 2 % 3. Break-even point units 4 Break even sales dollars