Ma1.Please give only typed answer. QUESTION 18Many Happy Returns, Inc., prepares income tax returns. It prepares 50,000 returns per year.Selling price per return$500Variable cost per return i$100$800,000Annual fixed costWhat is the company's breakeven point in units, i.e., number of returns? Round up to the nearest whole return.

Contribution means the difference between the selling price and variable cost . Fixed cost when…

Answered: Many Happy Returns, Inc., prepares…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Many Happy Returns, Inc., prepares income tax returns. It prepares 50,000 returns per year. Selling price per return Variable cost per return Annual fixed cost What is the company's breakeven point in units, Le., number of returns? Round up to the nearest whole return. $500 $100 $800,000