Lankford Company makes a product.

Selling Price per unit $637\mathrm{.}50$$

Variable manufacturing cost per unit $170\mathrm{.}00$$

Variable selling expense per unit $($sales commissions$)106\mathrm{.}25$$

Annual Fixed Manufacturing Costs $170,000$$

Annual Fixed Selling and Admin Costs $255,000$$

REQUIRED

Determine the break$-$even point in units and dollars using the following approaches.

Round units to whole number.

$1$ Equation method.

$2$ Contribution margin per unit.

$3$ Contribution margin ratio.

$4$ Confirm your results by preparing a contribution margin income statement for the breakeven sales volume.

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