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Hudson Co. reports the contribution margin income statement for 2019.
Sales (10,500 units at $225 each) $2,362,500
Variable costs (10,500 units at $180 each) $1,890,000
Contribution margin $472,500
Fixed costs $369,000
Pretax income $103,500
Problem 1. Assume Hudson Co. has a target pretax income of $171,000 for 2020. What amount of sales (in dollars) is needed to produce this target income?
Problem 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)?
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