Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 1. Amount of sales 2. Margin of safety $ 3,000,000 2,400,000 1. Assume Hudson has a target income of $166,000. 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)? (Round your answer to 1 decimal place.) % 600,000 420,000 $ 180,000

Required information [The following information applies to the questions displayed below] Hudson Company reports the following contribution margin income statement: Assume Hudson has a target income of $166,000. What amount of sales (in dollars) is needed to produce this target income? L. If Hudson achleves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal ploce.)