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06:16 Exercise 18-23 (Algo) CVP analysis with three products LO P3 R&R Tax Service offers...

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06:16 Exercise 18-23 (Algo) CVP analysis with three products LO P3 R&R Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs for three types of tax returns follow. Fixed costs total $48,720. Type of Return Easy Moderate Business Easy Moderate Business Sales Mix Fee Charged $ 60 140 340 40% 10% 50% (1) Determine the weighted-average contribution margin. Sales mix Total fixed costs S 40% 10% 50% 38,640 X $ Variable Cost per Return $ 40 80 200 Answer is complete but not entirely correct. Contribution margin per return Weighted-average contribution margin (2) Determine the break-even point in units using the weighted-average contribution margin. Numerator: 1 1 S Denominator: Weighted-average contribution margin per unit 84.00 (3) Determine the number of units of each product that will be sold at the break-even point. Sales mix Number of units to break even. 20.00 60.00 140.00
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Exercise 18-23 (Algo) CVP analysis with three products LO P3 R\&R Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs for three types of tax returns follow. Fixed costs total $48,720. Answer is complete but not entirely correct

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