Problem $3-20$A $($Algo$)$ Determining the break$-$even point LO $3-1,3-3$

Reid Company is considering the production of a new product. The expected variable cost is $$18$ per unit. Annual fixed costs are expected to be $$837,000.$ The anticipated sales price is $$72$ each.

Required

Determine the break$-$even point in units and dollars using each of the following:

a$.$ Use the equation method.

b$.$ Use the contribution margin per unit approach.

c$.$ Use the contribution margin ratio approach.

Note: Do not round intermediate calculations. Round "Contribution margin ratio" to $1$ decimal place. $($i$.$e$.,0\mathrm{.}234$ should be entered as $23\mathrm{.}4)$

$\backslash$table$[[$a$.$ Break$-$even point in units,,$],[$a$.$ Break$-$even point in dollars,,$],[$b$.$ Contribution margin per unit,,$],[$b$.$ Break$-$even point in units,,$],[$b$.$ Break$-$even point in dollars,,$],[$c$.$ Contribution margin ratio,,$],[$c$.$ Break$-$even point in units,,$],[$c$.$ Break$-$even point in dollars,,$]]$