Coves Cakes is a local bakery. Price and cost information follows: ...
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Accounting
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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