Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 per year.

C. Use the contribution margin ratio approach.

Contribution margin ratio: ___%

Break-even point in units: ___

Break-even point in dollars: $___