{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-21T19:03:02-04:00", "answer_date": "2024-05-21 19:03:02", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1468791", "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1468791", "question_creation_date_js": "2024-05-21T19:03:02-04:00", "question_creation_date": "May 21, 2024 07:03 PM", "meta_title": "[Solved] Required information [The following infor | SolutionInn", "meta_description": "Answer of - Required information [The following information applies to the questions displayed below.] Hudson Company reports the | SolutionInn", "meta_keywords": "required,information,applies,questions,displayed,below,hudson,company,reports,contribution,margin,income", "question_title_h1": " Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin", "question_title": " Required information [The following information applies to the questions displayed below.]", "question_title_for_js_snippet": "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 (10,400 units at $280 each) Variable costs (10,400 units at $210 each) Contribution margin Fixed costs Income $ 2,912,000 2,184,000 728,000 567,000 $ 161,000 1 Assume Hudson has a target income of $170,000 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 ", "question_description": "\"image", "transcribed_text": "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 (10,400 units at $280 each) Variable costs (10,400 units at $210 each) Contribution margin Fixed costs Income $ 2,912,000 2,184,000 728,000 567,000 $ 161,000 1. Assume Hudson has a target income of $170,000. 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 %", "related_book": { "title": "Intermediate Accounting", "isbn": "125972266X, 9781259722660", "edition": "9th Edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/633fd2e6b6ace_1265.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-edition-1265", "see_more_uri": "" }, "free_related_book": { "isbn": "3030620972", "uri": "\/textbooks\/ict-innovations-2020-machine-learning-and-applications-12th-international-conference-ict-innovations-2020-skopje-north-macedonia-september-in-computer-and-information-science-1st-edition-978-3030620974-232464", "name": "Ict Innovations 2020 Machine Learning And Applications 12th International Conference Ict Innovations 2020 Skopje North Macedonia September In Computer And Information Science", "edition": "1st Edition" }, "question_posted": "2024-05-21 19:03:02", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/instructions-read-the-footnotes-included-in-the-financial-statements-for-701673", "description": "Instructions: Read the footnotes included in the financial statements for H & B Bakery, then answer the following questions. *The exact requirement of this question, is to read the statements below...", "stars": 3 }, { "url": "\/draw-some-electric-field-lines-and-a-few-equipotential-surfaces-outside", "description": "Draw some electric field lines and a few equipotential surfaces outside a negatively charged hollow conducting sphere. 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