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Ritchie Manufacturing Company makes a product that it sells for $ 1 5 0 per unit. The company incurs variable manufacturing costs of $ 6
Ritchie Manufacturing Company makes a product that it sells for $ per unit. The company incurs variable manufacturing costs of $ per unit. Variable selling expenses are $ per unit, annual fixed manufacturing costs are $ and fixed selling and administrative costs are $ per year.
Required
Determine the breakeven 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 breakeven sales volume.
Complete this question by entering your answers in the tabs below.
Req to
Req C
Prepare a contribution margin income statement for the breakeven sales volume.
tableRITCHIE MANUFACTURING COMPANYContribution Margin Income StatementSalesNet income,
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