answer due by 11pm eastern standard time USA

Problem 3-17A Determining the break-even point and preparing a contribution margin income statement LO 3-1

Lucent Manufacturing Company makes a product that it sells for $75 per unit. The company incurs variable manufacturing costs of $30 per unit. Variable selling expenses are $9 per unit, annual fixed manufacturing costs are $240,000, and fixed selling and administrative costs are $165,000 per year.

Required:

Determine the break-even point in units and dollars using each of the following approaches:

a.	Equation method.

b.	Contribution margin per unit.

c.	Contribution margin ratio.

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