Hudson Company reports the following contribution margin income statement. 1. Assume Hudson has a target income of $156,
Posted: Mon Apr 25, 2022 7:28 am
Hudson Company reports the following contribution margin income
statement.
1. Assume Hudson has a target income of
$156,000. 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.)
statement.
1. Assume Hudson has a target income of
$156,000. 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.)