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 $200 per unit. The company incurs variable manufacturing costs of $101 per unit. Variable seling expenses are $19 per unit, annual fixed manufacturing costs are $464,000, and fixed selling and administrative costs are $256,000 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. Determine the break-even point in units and dollars using the equation method and the contribution margin per unit approach. 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 selis for $200 per unit. The company incurs variable manufacturing costs of $101 per unit: Variable selling expenses are $19 per unit, annual fixed manufacturing costs are $464,000, and fixed selling and administrative costs are $256,000 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. Prepare a contribution margin income staternent for the break-even sales volume