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Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $67 per unit. Variable selling

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Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $67 per unit. Variable selling expenses are $14 per unit, annual fixed manufacturing costs are $454,000, and fixed selling and administrative costs are $277,400 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 Complete this question by entering your answers in the tabs below. ROQ A to C 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 Break even point in units Break-even point in dollars

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