Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. Sales (10,700 units at $300 each) Variable costs (10,700 units at $240 each) Contribution margin Fixed costs Pretax income HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 1. Amount of sales 2. Margin of safety Assume Hudson Co. has a target pretax income of $161,000 for 2020. What amount of sales (in dollars) is needed to produc target income? If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 dec place.) $3,210,000 2,568,000 642,000 504,000 $ 138,000 %

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.