Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement Sales (10,600 units at $300 each) Variable costs (10,600 units at $240 each) Contribution margin Fixed costs Pretax income For Year Ended December 31, 2019 $3,180,000 2,544,000 636,000 480,000 $ 156,000 If the company raises its selling price to $320 per unit. Compute Hudson Co.'s contribution margin per unit. Compute Hudson Co.'s contribution margin ratio. Compute Hudson Co.'s break-even point in units. Compute Hudson Co.'s break-even point in sales dollars. Contribution margin per unit Contribution margin ratio % Break-even point units Break-even sales dollars

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5PB: Wellington, Inc., reports the following contribution margin income statement for the month of May....
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Hudson Co. reports the contribution margin income statement for 2019.
HUDSON CO.
Contribution Margin Income Statement
Sales (10,600 units at $300 each)
Variable costs (10,600 units at $240 each)
Contribution margin
Fixed costs
Pretax income
For Year Ended December 31, 2019
$3,180,000
2,544,000
636,000
480,000
$
156,000
If the company raises its selling price to $320 per unit.
Compute Hudson Co.'s contribution margin per unit.
Compute Hudson Co.'s contribution margin ratio.
Compute Hudson Co.'s break-even point in units.
Compute Hudson Co.'s break-even point in sales dollars.
Contribution margin
per unit
Contribution margin ratio
%
Break-even point
units
Break-even sales dollars
Transcribed Image Text:Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement Sales (10,600 units at $300 each) Variable costs (10,600 units at $240 each) Contribution margin Fixed costs Pretax income For Year Ended December 31, 2019 $3,180,000 2,544,000 636,000 480,000 $ 156,000 If the company raises its selling price to $320 per unit. Compute Hudson Co.'s contribution margin per unit. Compute Hudson Co.'s contribution margin ratio. Compute Hudson Co.'s break-even point in units. Compute Hudson Co.'s break-even point in sales dollars. Contribution margin per unit Contribution margin ratio % Break-even point units Break-even sales dollars
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