Hudson Company reports the following contribution margin income statement.   HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Income $ 217,000 If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Hudson Company reports the following contribution margin income statement.

 

HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Sales (11,200 units at $280 each) $ 3,136,000
Variable costs (11,200 units at $210 each) 2,352,000
Contribution margin 784,000
Fixed costs 567,000
Income $ 217,000

If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

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