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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
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 $130 per unit. The company Incurs vartable manufacturing costs of $66 per unit. Vartable selling expenses are $12 per unit, annual fixed manufacturing costs are $450,000, and fixed selling and administrative costs are $226,000 per year Book 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, Print References Complete this question by entering your answers in the tabs below. Renato Rego Determine the break even point in unit and dollars using the equation method. the contribution margin per unit approach and 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. Req A to C Reg D eBook 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. Print References 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 Contribution margin ratio Break even point in units Break even point in dollar Reg D > Complete this question by entering your answers in the tabs below. Req 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)
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