Problem 11 28 Determining the break even point and preparing a contribution margin income statement LO 11 5 Ritchie Manufacturing Company makes a product that it sells for $140 per unit The company incurs variable manufacturing costs of $78 per unit Variable selling expenses are $13 per unit, annual fixed manufacturing costs are $350,000, and fixed selling and administrative costs are $149,800 per year Required Determine the break even point in units and dollars using each of the following approaches Use the equation method Use the contribution margin per unit approach Prepare a contribution margin income statement for the break even sales volume Complete this question by entering your answers in the tabs below 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 b Break even point in units Break even point in dollars Contribution margin per unit Break even point in units Break even point in dollars Complete this question by entering your answers in the tabs below Req A to B Reqc Prepare a contribution margin income statement for the break even sales volume RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement

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Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for

Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5

Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs variable manufacturing costs of $78 per unit. Variable selling expenses are $13 per unit, annual fixed manufacturing costs are $350,000, and fixed selling and administrative costs are $149,800 per year.

Required

Determine the break-even point in units and dollars using each of the following approaches:

Use the equation method.
Use the contribution margin per unit approach.
Prepare a contribution margin income statement for the break-even sales volume.

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Complete this question by entering your answers in the tabs below. 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. b. Break-even point in units Break-even point in dollars Contribution margin per unit Break-even point in units Break-even point in dollars Complete this question by entering your answers in the tabs below. Req A to B Reqc Prepare a contribution margin income statement for the break-even sales volume. RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement