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Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company...

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Ritchie Manufacturing Company makes a product that it sells for $140 per unit. The company incurs variable manufacturing costs of $61 per unit. Variable selling expenses are $16 per unit, annual fixed manufacturing costs are $380,000, and fixed selling and administrative costs are $281,500 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Req A to B Req C Prepare a contribution margin income statement for the break-even sales volume RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement S 1,470,000 ales Variable costs Contribution margin Fixed costs 661,500 Net income

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