A-5 Hudson Company reports the following contribution margin income statement.HUDSON COMPANYContribution Margin Income StatementFor Year Ended December 31Sales (11,400 units at $225 each)Variable costs (11,400 units at $180 each)Contribution marginFixed costsIncome$ 2,565,0002,052,000513, 000360,000$ 153,0001. Assume Hudson has a target income of $150,000. What amount of sales (in dollars) is needed to produce2. If Hudson achieves its target income, what is its margin of safety (in percent)?Note: Round your answer to 1 decimal place.1. Dollar sales for target income2. Margin of safety

Cost volume profit analysis is the technique used by management for decision making. The methods…

Answered: Hudson Company reports the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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