! Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,900 units at $225 each) Variable costs (9,900 units at $180 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement. For Year Ended December 31 1. Amount of sales 2. Margin of safety $ 1,167,000 1. Assume Hudson has a target income of $165,000. 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.) % < Prev $ 2,227,500 1,782,000 5 of 6 445,500 342,000 $ 103,500 Check my work H itt Next >
! Required information [The following information applies to the questions displayed below.] Hudson Company reports the following contribution margin income statement. Sales (9,900 units at $225 each) Variable costs (9,900 units at $180 each) Contribution margin Fixed costs Income HUDSON COMPANY Contribution Margin Income Statement. For Year Ended December 31 1. Amount of sales 2. Margin of safety $ 1,167,000 1. Assume Hudson has a target income of $165,000. 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.) % < Prev $ 2,227,500 1,782,000 5 of 6 445,500 342,000 $ 103,500 Check my work H itt Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![ook
int
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rences
W
!
Required information
[The following information applies to the questions displayed below.]
Hudson Company reports the following contribution margin income statement.
Sales (9,900 units at $225 each)
Variable costs (9,900 units at $180 each)
Contribution margin
Fixed costs
Income
HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
1. Amount of sales
2. Margin of safety
$ 1,167,000
900
1. Assume Hudson has a target income of $165,000. 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.)
%
< Prev
$ 2,227,500
1,782,000
445,500
342,000
$ 103,500
5 of 6
Next >
Help
DD
Save & Exit Submit
Check my work
F10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6bfe29d4-782f-428b-937b-485b5d1c1aec%2F3164f297-fd32-4cb8-9575-7fd5c90d3169%2Fiuu7zhn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ook
int
rint
rences
W
!
Required information
[The following information applies to the questions displayed below.]
Hudson Company reports the following contribution margin income statement.
Sales (9,900 units at $225 each)
Variable costs (9,900 units at $180 each)
Contribution margin
Fixed costs
Income
HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
1. Amount of sales
2. Margin of safety
$ 1,167,000
900
1. Assume Hudson has a target income of $165,000. 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.)
%
< Prev
$ 2,227,500
1,782,000
445,500
342,000
$ 103,500
5 of 6
Next >
Help
DD
Save & Exit Submit
Check my work
F10
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