Reid Company is considering the production of a new product. The expected variable cost is $27 per unit. Annual fixed costs are expected to be $792,000. The anticipated sales price is $75 each.

Required

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

1. Use the equation method.

2. Use the contribution margin per unit approach.

3. Use the contribution margin ratio approach. (Do not round intermediate calculations. Round "Contribution margin ratio" to 1 decimal place. (i.e., 0.234 should be entered as 23.4))