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Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 3 1 Required: 1 . Assume

Hudson Company reports the following contribution margin income statement.
HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Required:
1.Assume Hudson has a target income of $162,000. What amount of sales dollars is needed to produce this target income?
2.If Hudson achieves its target income, what is its margin of safety (in percent)?
Margin of safety
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