Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $101 per unit. Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $464,000, and fixed selling and administrative costs are $256,000 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. Use the contribution margin ratio approach. d. Prepare a contribution margin income statement for the break-even sales volume. a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach d. Prepare a contribution margin income statement for the break-even sales volume Complete this question by entering your answers in the tabs below. Reg A to C Reg D 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 c. Contribution margin ratio Break-even point in units Break-even point in dollars AC Prev 1 of 5 Next > MacBook Pro 80 988 DD F2 DE 58 FS 56 # % A & ) $ 4 2 3 5 6 7 8 9 0 W E R T Y U 0 S D F G H L UCCHIC LTCUICUN'EVCI PHIL IT UFILS UU UUHOI UOY CULI VILIC TUHUVITY UMIVULTICO. a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. d. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by entering your answers in the tabs below. Reg A to C Reg D Prepare a contribution margin income statement for the break-even sales volume. RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement Net income (loss)
