[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 (10,300 units at $375 each) Variable costs (10,300 units at $300 each) Contribution margin Fixed costs $ 3,862,500 3,090,000 772,500 600,000 $ 172,500 Income Award: 3.00 points The marketing manager believes that increasing advertising costs by $165,000 will increase the company's sales volume to 11,700 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income/Loss If the company raises its selling price to $400 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. per unit 1. Contribution margin 2. Contribution margin ratio 3. Break-even point % units 4. Break-even sales dollars