Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin Income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $110 per unit. Variable selling expenses are $20 per unit, annual fixed manufacturing costs are $466,000, and fixed selling and administrative costs are $269,000 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. Use the contribution margin ratio approach. d. Prepare a contribution margin income statement for the break-even sales volume. Complete this question by entering your answers in the tabs below. RC9 A to C Reg D 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. Break-even point in units Break-even point in dollars Contribution margin per unit Break-even point in units Break-even point in dollars Contribution margin ratio Break-even point in units Break-even point in dollars 10,500 200 X 70 10,500 $ 2.100.000 35 2,100,000 735,000 x % S Res At ReqD> Problem 3-17A (Algo) Determining the break-even point and preparing a contribution margin Income statement LO 3-1 Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $110 per unit. Variable selling expenses are $20 per unit, annual fixed manufacturing costs are $466,000, and fixed selling and administrative costs are $269.000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: e. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. d. 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 C Reg D Prepare a contribution margin income statement for the break-even sales volume. RITCHIE MANUFACTURING COMPANY Contribution Margin Income Statement Sales $ 210,000,000 Variable costs 115,500,000 X Contribution margin s 21,000,000 Fixed costs 73,500,000 $ Fixed costs 46,600,000 Net income (loss)