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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
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 (10,200 units at $225 each) Variable costs (10,200 units at $180 each) Contribution margin Fixed costs Income $ 2,295,000 1,836,000 459,000 360,000 $ 99,000 1. Compute break-even point in units 2. Compute break-even point in sales dollars 1. Break-even units 2. Break-even sales dollars units 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 (10,200 units at $225 each) Variable costs (10,200 units at $180 each) Contribution margin Fixed costs Income $ 2,295,000 1,836,000 459,000 360,000 $ 99,000 1. Assume Hudson has a target income of $168,000. 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.) 1. Amount of sales 2. Margin of safety
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