Coves Cakes is a local bakery. Price and cost information follows: ...
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Coves Cakes is a local bakery. Price and cost information follows:
| Price per cake | $ | 15.01 | |
| Variable cost per cake | |||
| Ingredients | 2.15 | ||
| Direct labor | 1.07 | ||
| Overhead (box, etc.) | 0.14 | ||
| Fixed cost per month | $ | 4,543.50 | |
Required: 1. Determine Coves break-even point in units and sales dollars. (Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places.) 2. Determine the bakerys margin of safety if it currently sells 480 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.) 3. Determine the number of cakes that Cove must sell to generate $1,800 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.)
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