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Gridale Tax Services prepares taxes for individuals. Gridale offers a simplified pricing model with two...

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Accounting

Gridale Tax Services prepares taxes for individuals. Gridale offers a simplified pricing model with two alternatives for taxpayers: Standard Deduction (Standard) or Itemized Deductions (Itemized). Price and variable costs for the two services are listed below. Sales price (per return) Variable costs (per return) Standard $ 150.00110.00 Itemized $ 450.00230.00 The annual fixed costs at Gridale are $437,500. Based on experience, the owner estimates that Standard Deduction returns represent 25 percent of the the firm's business. Required: How many Standard Deduction and Itemized Deduction returns must be filed annually to break even?

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