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3 part question. please help. will rate. E6-3 (Algo) Determining Break-Even Point, Target Profit, Margin of Safety [LO 6-1, 6-2, 6-3) Cove's Cakes is a
3 part question. please help. will rate.
E6-3 (Algo) Determining Break-Even Point, Target Profit, Margin of Safety [LO 6-1, 6-2, 6-3) Cove's Cakes is a local bakery. Price and cost information follows: $14.91 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.29 1.09 0.12 $3,65120 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 380 cakes per month 3. Determine the number of cakes that Cove must sell to generate $1,000 in profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine Cove's 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.) Break-Even Units Break-Even Sales Dollars Cakes Required 2 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 380 cakes per month 3. Determine the number of cakes that Cove must sell to generate $1.000 in profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the bakery's margin of safety if it currently sells 380 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.) Margin of Safety () Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the number of cakes that cove must sell to generate $1,000 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) Target Salos Units Cakes Step by Step Solution
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