Required information Use the following information for the Exercises below. (Algo) [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 (10,880 units at $280 each) Variable costs (10,8ae units at $218 each) Contribution margin Fixed costs Income $ 3,024,000 2,268, eee 756, eee 567.000 $ 189, eee Exercise 5-18 (Algo) Evaluating strategies-price increase LO C2 If the company raises its selling price to $300 per unit. 1. Compute Hudson Company's contribution margin per unit. 2. Compute Hudson Company's contribution margin ratio. 3. Compute Hudson Company's break-even point in units. 4. Compute Hudson Company's break-even point in sales dollars. Answer is complete but not entirely correct. 1. Contribution margin 2. Contribution margin ratio 3. Break-even point 70 per unit 25 % 8.100 units Dre of 8 Next > Margin Income Statement For Year Ended December 31 Sales (10,800 units at $288 each) Variable costs (10,800 units at $210 each) Contribution margin Fixed costs ats $ 3,024,000 2,268,000 756,888 567.ee $ 189,000 Income Exercise 5-18 (Algo) Evaluating strategies-price increase LO C2 If the company raises its selling price to $300 per unit. 1. Compute Hudson Company's contribution margin per unit. 2. Compute Hudson Company's contribution margin ratio. 3. Compute Hudson Company's break-even point in units. 4. Compute Hudson Company's break-even point in sales dollars. Answer is complete but not entirely correct. 1. Contribution margin 2. Contribution margin ratio 3. Break-even point 4. Break-even sales dollars 70 X per unit 25 X % 8,100 X units $ 2,268,000