Problem 11-28 Determining the break-even point and preparing a contribution margin income statement LO 11-5 Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturing costs of $70 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $496,000, and fixed selling and administrative costs are $274,400 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. Saved 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. Reg A to B Reg C 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 Reo Ato Regc > ch 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. oints Complete this question by entering your answers in the tabs below. eBook Reg A to B ReqC Print Prepare a contribution margin income statement for the break even sales volume. References RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement