pPease need answer for all requirements with full working. Please double underline answer all requirements or skip/leave for other experts . Please do not waste question and time by giving incomplete or incorrect answer. Answer in text.   Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 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.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
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pPease need answer for all requirements with full working. Please double underline answer all requirements or skip/leave for other experts . Please do not waste question and time by giving incomplete or incorrect answer. Answer in text.

 

Ritchie Manufacturing Company makes a product that it sells for $150 per unit. The company incurs variable manufacturing costs of $60 per unit. Variable selling expenses are $18 per unit, annual fixed manufacturing costs are $480,000, and fixed selling and administrative costs are $240,000 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.

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