Reid Company is considering the production of a new product. The expected variable cost is $28 per unit. Annual fixed costs are expected to be $884,000. The anticipated sales price is $80 each. Required Determine the break-even point in units and dollars using each of the following: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. Note: Do not round intermediate calculations. Round "Contribution margin ratio" to 1 decimal place. (i.e., 0.234 should be entered as 23.4) Reid Company is considering the production of a new product. The expected variable cost is $28 per unit. Annual fixed costs are expected to be $884,000. The anticipated sales price is $80 each. Required Determine the break-even point in units and dollars using each of the following: a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. Note: Do not round intermediate calculations. Round "Contribution margin ratio" to 1 decimal place. (i.e., 0.234 should be entered as 23.4)