Ritchie Manufacturing Company makes a product that it sells for $$160$ per unit. The company incurs variable manu

$$73$ per unit. Variable selling expenses are $$15$ per unit, annual fixed manufacturing costs are $$456,000,$ and fixed

administrative costs are $$278,400$ 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 $B$

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

approach.