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Question - Hudson Company reports the following contribution margin income statement.
HUDSON COMPANY Contribution Margin Income Statement
For Year Ended December 31
Sales (10,700 units at $300 each) $3,210,000
Variable costs (10,700 units at $240 each) 2,568,000
Contribution margin 642,000
Fixed costs 504,000
Income $138,000
The marketing manager believes that increasing advertising costs by $98,000 will increase the company's sales volume to 12,100 units. Prepare a contribution margin income statement for the next year assuming the company incurs the additional advertising costs.
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Evaluate the Predetermined Overhead Rate
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This individual assignment is based on the TerraCycle Inc.
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A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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