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

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Accounting

Grixdale Tax Services prepares taxes for individuals. Grixdale 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.
Standard Itemized
Sales price (per return) $ 210.00 $ 570.00
Variable costs (per return)170.00350.00
The annual fixed costs at Grixdale are $542,500. 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?
Standard Deduction Returns: _____________
Itemized Deduction Returns: ____________

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