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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, 600 units at $225 each) $ 2, 610, 000 Variable costs (11, 600 units at $180 each) 2, 088, 000 Contribution margin 522, 000 Fixed costs 315, 000 Income $ 207, 000 1. Assume Hudson has a target income of $150,000. 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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