Hudson Company... (see picture) Hudson Company reports the following contribution margin income statement.Sales (10,500 units at $225 each)Variable costs (10,500 units at $180 each)Contribution marginFixed costsIncomeHUDSON COMPANYContribution Margin Income StatementFor Year Ended December 311. Amount of sales2. Margin of safety$ 2,362,5001,890,0001. Assume Hudson has a target income of $171,000. What amount of sales (in dollars) is needed to produce this target income?2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)%472,500369,000$ 103,500

The break-even sales are the sales where the business earns no profit or loss during the period. The…

Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,500 units at $225 each) Variable costs (10,500 units at $180 each) Contribution margin Fixed costs Income Amount of sales Margin of safety Assume Hudson has a target income of $171,000. What amount of sales (in dollars) is needed to produce this target income If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) $ 2,362,500 1,890,000 472,500 369,000 $ 103,500 %

Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,500 units at $225 each) Variable costs (10,500 units at $180 each) Contribution margin Fixed costs Income Amount of sales Margin of safety Assume Hudson has a target income of $171,000. What amount of sales (in dollars) is needed to produce this target income If Hudson achieves its target income, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.) $ 2,362,500 1,890,000 472,500 369,000 $ 103,500 %

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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