Hudson Company reports the following contribution margin income statement.Hudson Company reports the following contribution margin income statement.A manufacturer's contribution margin income statement for the year follows.

Required:

Prepare a contribution margin income statement if the number of units

sold $($a$)$ increases by $200$ units and $($b$)$ decreases by $200$ units.

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