! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,100 units at $375 each) Variable costs (11,100 units at $300 each) Contribution margin Fixed costs Pretax income Exercise 18-16 Break-even LO P2 $4,162,500 3,330,000 832,500 660,000 $ 172,500
! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,100 units at $375 each) Variable costs (11,100 units at $300 each) Contribution margin Fixed costs Pretax income Exercise 18-16 Break-even LO P2 $4,162,500 3,330,000 832,500 660,000 $ 172,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.]
Hudson Co. reports the contribution margin income statement for 2019.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2019
Sales (11,100 units at $375 each)
Variable costs (11,100 units at $300 each)
Contribution margin
Fixed costs
Pretax income
Exercise 18-16 Break-even LO P2
Compute Hudson Co.'s break-even point in units.
. Compute Hudson Co.'s break-even point in sales dollars.
Break-even point
Break-even point
units
$4,162,500
3,330,000
832,500
660,000
$ 172,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2233cb2a-c6cb-47e7-9ae4-82b4aad8d885%2F0da39289-6e33-4b8a-9069-9bb3ab9a7132%2F8a43m7e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for the Exercises below.
[The following information applies to the questions displayed below.]
Hudson Co. reports the contribution margin income statement for 2019.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2019
Sales (11,100 units at $375 each)
Variable costs (11,100 units at $300 each)
Contribution margin
Fixed costs
Pretax income
Exercise 18-16 Break-even LO P2
Compute Hudson Co.'s break-even point in units.
. Compute Hudson Co.'s break-even point in sales dollars.
Break-even point
Break-even point
units
$4,162,500
3,330,000
832,500
660,000
$ 172,500
Transcribed Image Text:Assume Hudson Co, has a target pretax income of $156,000 for 2020. What amount of sales (in dollars) is needed to produce this
target income?
If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal
place.)
Amount of sales
Margin of safety
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