Business, 14.04.2020 20:00 tladitidimatso9605

Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $101 per unit. Variable selling expenses are $19 per unit, annual fixed costs are $464,000, and fixed selling and administrative costs are $256,000 per year.

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.

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Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs va...

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