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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
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, 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 Exercise 18-18 (Algo) Evaluating strategies-price increase LO C2 If the company raises its selling price to $240 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.
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