Ritchie manufacturing company makes a product that it sells for $170 per unit. the company incurs variable manufacturing costs of $86 per unit. variable selling expenses are $16 per unit, annual fixed manufacturing costs are $458,000, and fixed selling and administrative costs are $242,400 per year. required determine the break-even point in units and dollars using each of the following approaches: use the equation method. use the contribution margin per unit approach. use the contribution margin ratio approach. prepare a contribution margin income statement for the break-even sales volume.

In addition to having a bachelor's degree in accounting, a certification will increase a tax accountant's job opportunities and allow them to file reports with the

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct