Question: ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes
ercises Chapter One Saved 1 Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $180 per unit. The company incurs variable manufacturing costs of $100 per unit. Variable seling expenses are $17 per unit, annual fixed manufacturing costs are $460,000, and fixed selling and administrative costs are $195.200 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. Use the contribution margin ratio approach d. Prepare a contribution margin income statement for the break-even sales volume. Barnes Complete this question by entering your answers in the tabs below. Req Atoc Req Determine the break-even point in units and dollars using the equation method, the contribution margin per unit approach and the contribution margin ratio approach Break even point in Break even point in dollars Contribution mari per unit Break even point in its Break-even point in dolas Contribution margina Break-even pointinis Break-even point in das Prey 1 of 5 Next >
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