Ritchie Manufacturing Company makes a product that it sells for $$160$ per unit. The company incurs variable manufacturing costs of $$84$ per unit. Variable selling expenses are $$12$ per unit, annual fixed manufacturing costs are $$470,000,$ and fixed selling and administrative costs are $$208,400$ 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$.$ 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 and the contribution margin per unit approach.

$\backslash$table$[[$a$.$ Break$-$even point in units,$],[$a$.$ Break$-$even point in dollars,$],[$b$.$ Contribution margin per unit,$],[$b$.$ Break$-$even point in units,$],[$b$.$ Break$-$even point in dollars,$]]$