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Chapter Eleven Graded Homework Saved Help Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 2.25 points Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 per year. % 04:36:40 Required Determine the break-even point in units and dollars using each of the following approaches: eBook 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. Print Complete this question by entering your answers in the tabs below. References Reg A to B Rec 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. a. Break-even point in units Break-even point in dollars b. Contribution margin per unit Break-even point in units Break-even point in dollars Regc > Prav 2 4 Next rapter Eleven Graded Homework Help Save & Eet Sub Check my work LU 11-5 Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of 560 per unit Variable selling expenses are $18 per unit, annual foxed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 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. Complete this question by entering your answers in the tabs below. Req A to B Rec Prepare a contribution margin income statement for the break-even sales volume. RITCHIE MANUFACTURING COMPANY Contribution Margie Income Statement