Culver Tax Services provides primarily two lines of service: accounting compilation and tax return preparation....
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Accounting
Culver Tax Services provides primarily two lines of service: accounting compilation and tax return preparation. Accounting compilation services represent 60% of its revenue and provide a contribution margin ratio of 30%. Tax return preparation services represent 40% of its revenue and provide a 40% contribution margin ratio. The companys fixed costs are $ 5,324,400.
(a)
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Calculate the revenue from each type of service that the company must achieve to break even.
Revenue
Accounting
$ enter a dollar amount
Tax
$ enter a dollar amount
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