Sell Block prepares three types of simple tax returns: Individual, partnerships, and (small) corporations. The tax returns have the following characteristics Individuals $ 300 Partnerships $ 1,250 Corporations $ 2,000 Price charged per tax return Variable cost per tax return (including wage paid to tax preparer) Expected tax returns prepared per year $ 255 52,000 31,150 6,500 51,820 6,500 The total fixed costs per year for the company are $582,400, Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point. c. Suppose the product sales mix changes so that for every ten tax returns prepared, six are for individuals, one is for a partnership, and three are for corporations. Now what is the break-even volume for Sell Block? Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point c. Suppose the product sales mix changes so that for every ten tax returns prepared, six are for individuals, one is for a partnership, and three are for corporations. Now what is the break-even volume for Sell Block? Complete this question by entering your answers in the tabs below. Required a Required B Required What is the anticipated level of profits for the expected sales volumes? Anticipated profit Required A Required B > Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point c. Suppose the product sales mix changes so that for every ten tax returns prepared, six are for individuals, one is for a partnership, and three are for corporations. Now what is the break-even volume for Sell Block? Complete this question by entering your answers in the tabs below. Required A Required B Required Assuming that the product mix is the same at the break-even point, compute the break-even point. Break-even point returns Check my work Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break even point c. Suppose the product sales mix changes so that for every ten tax returns prepared, six are for individuals, one is for a partnership, and three are for corporations. Now what is the break-even volume for Sell Block? Complete this question by entering your answers in the tabs below. Required A Required B Recuired Suppose the product sales mix changes so that for every ten tax returns prepared, six are for Individuals, one is for a partnership, and three are for corporations. Now what is the break-even volume for Sell Block? Break even point returns
