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HUDSON CO. 1. Compute Hudson Co.’s break-even point in units. 2. Compute Hudson Co.’s break-even point in sales dollars. Q8. Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. 1. Assume Hudson Co. has a target pretax income of $167,000 for 2020.
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1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs. Q6. Harrison Co. expects to sell 150,000 units of its product next year, which would generate total sales of $12,000,000. Management predicts that pretax net income for next year will be $1,200,000 and that the contribution margin per unit will be $30.
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Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except: 1 LIFO method. 2 FIFO method. 3 Specific identification method. 4 Weighted average method. 5 Retail method.
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