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Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturing costs of $70 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $496,000, and fixed selling and administrative costs are $274,400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Use the equation method. b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Req A to B Reqc Determine the break-even point in units and dollars using the equation method, the contribution margin per unit approach and the contribution margin ratio approach. a Break-even point in units Break-even point in dollars b. Contribution margin per unit Break-even point in units Break-even point in dollars Req A to B Reg C Prepare a contribution margin income statement fo RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement