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Accounting

Required information
[The following information applies to the questions displayed below.]
Hudson Company reports the following contribution margin income statement.
HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Sales (10,600 units at $300 each) $ 3,180,000
Variable costs (10,600 units at $240 each)2,544,000
Contribution margin 636,000
Fixed costs 480,000
Income $ 156,000
Assume Hudson has a target income of $172,000. 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)?
Note: Round your answer to 1 decimal place.

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