Ritchie Manufacturing Company makes a product that it sells for $$200$ per unit. The company incurs varlabie manuracturning $$101$ per, unit. Variable selling expenses are $$19$ per unit, annual fixed manufacturing costs are $$464,000,$ and fixed selling and administrative costs are $$256,000$ 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 $B$

Prepare a contribution margin income statement for the break$-$even sales volume.

$\backslash$table$[[$RITCHIE MANUFACTURING COMPANY,$],[$Contribution Margin Income Statement$],[$Sales$,$$$1,800,000$