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Need help asap, please!! Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON

Need help asap, please!!

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Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (11, 100 units at $375 each) $ 4, 162, 500 Variable costs (11, 100 units at $300 each) 3, 330,000 Contribution margin 832, 509 Fixed costs 660, 090 Income $ 172, 500 1. Assume Hudson has a target income of $156,000. 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)? Note: Round your answer to 1 decimal place. 1. Dollar sales for target income 2. Margin of safety

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