Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hudson company reports the following contribution

Hudson Company reports the following contribution margin income statement. HUDSON COMPANYContribution Margin Income StatementFor Year...

90.2K

Verified Solution

Question

Accounting

Hudson Company reports the following contribution margin income statement. HUDSON COMPANYContribution Margin Income StatementFor Year Ended December 31Sales (10,700 units at $300 each)$ 3,210,000Variable costs (10,700 units at $240 each)2,568,000Contribution margin642,000Fixed costs504,000Income$ 138,0001. Assume Hudson has a target income of $161,000. 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.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees,...

Finance
Q

Problem 9-21 Cost-Cutting Proposals [LO 2] CSM Machine Shop is considering a four-year project to improve its...

Finance
Q

2) Suppose Stanley's Office Supply purchases 70,000 boxes of pens every year. Ordering costs are $133.95...

Finance
Q

  If the coordinate direction angles for F3 are ? = 120°,? = 60°, ? =...

Mechanical Engineering
Q

ASAP In this lab, you will make a digital thermometer using the SEN-11931 breakout board as...

Electrical Engineering
Q

Show algebraically that E(Var(?1hat)) = ?^2/(n-1)?x2

Basic Math
Q

0 9 m v NaCl aqueous solution is considered to be isotonic to osmotic presseure...

Biology
Q

8 A wire bent as a parabola y ax is located in a uniform magnetic...

Physics
Q

Carry out the indicated operation and give your answer with the specified number of significant...

Basic Math
Q

Solve the exponential equation 320 algebraically using logarithms Show your work and round your answer...

Algebra
Q

5. Following information applies to NIKI Corp. Total Assets: $900.000 Debt:...

Accounting
Q

Sheridan Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as...

Accounting