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Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs variable manufacturing costs of $73 per unit. Variable selling

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Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs variable manufacturing costs of $73 per unit. Variable selling expenses are $11 per unit, annual fixed manufacturing costs are $468,000, and fixed selling and administrative costs are $271,200 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. 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 B Req 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. 13,200 $ 1,848,000 56 13,200 S 1,848,000 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 Return to question a. Use the equation method. . b. Use the contribution margin per unit approach. c. Prepare a contribution margin income statement for the break-even sales volume. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A to B | Req C Prepare a contribution margin income statement for the break-even sales volume RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement 1,400,000 730,000 Sales Variable costs Contribution margin Fixed costs Fixed costs Net income

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