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 units at $$225$ each$)$

Variable costs units at $$\mathrm{.}180$ each$)$

Contribution margin

Fixed costs

Income

Exercise $21-12($Algo$)$ Target income and margin of safety LO C$2$

Assume Hudson has a target income of $$154,000.$ What amount of sales $($in dollars$)$ is needed to produce this target income?

If Hudson achieves its target income, what is its margin of safety $($in percent$)?$

Note: Round your answer to $1$ decimal place.