Ritchie Manufacturing Company makes a product that it sells for $$190$ per unit. The company incurs variable manufacturing costs of $$96$ per unit. Variable selling expenses are $$18$ per unit, annual fixed manufacturing costs are $$462,000,$ and fixed selling and administrative costs are $$260,000$ 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.Req A to B

Determine the break$-$even point in units and dollars using the equation method and the contribution margin per unit

approach.

Req A to B

Req C

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