Problem 11-28A (Algo) Determining the break-even point and preparing a contribution margin income statement LO 11-3, 11-5 Ritchie Manufacturing Company makes a product that it sells for $130 per unit. The company Incurs variable manufacturing costs of $66 per unit. Variable selling expenses are $12 per unit, annual fixed manufacturing costs are $450,000, and fixed selling and administrative costs are $226,000 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. Reg A to B Reqc Determine the break-even point in units and dollars using the equation method and the contribution margin per unit approach. - 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 Ritchie Manufacturing Company makes a product that it sells for $130 per unit. The company Incurs variable manufacturing costs of $66 per unit . Variable selling expenses are $12 per unit, annual fixed manufacturing costs are $450,000, and fixed selling and administrative costs are $226,000 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. Reg A to B Reqc Prepare a contribution margin income statement for the break-even sales volume. RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement