Required information [The following information applies to the questions displayed below. Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,000 unito at $300 each) Variable costs (11.000 units at $240 ench) Contribution margin Fixed cost Pretax income 03 $3,300,000 2,640.000 660,000 360.000 $ 300,000 1. Assume Hudson Co has a target pretax income of $158,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety in percent)? (Round your answer to 1 decimal place.) 1. Amount of salos 2 Margin of safety % Our team is hired by Apple to help assess whether or not to continue to manufacture and sell an older model of the IPhone. Apple explains that this model continues to sell well in foreign markets but it worries that fixed costs are so large that it is difficult to earn a profit. The Tableau Dashboard is provided to aid our analysis of this model. Total Fixed Costs Factory rent expense Insurance expense Equipment depreciation expense Production manager salaries: $8,500,000 Production manager salaries Advertising expense Variable Costs Per Unit Variable Costs Per Unit Battery Camera Internal Components Receiver Screen Speaker 1 Sales Price Per Unit IPhone 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Choose Numerator: Choose Denominator: Contribution Margin Ratio Contribution margin ratio 0 3. Compute break-even point in sales dollars. Choose Numerator: Choose Denominator: Break-Even Dollars Break-even dollars 0