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Cove's Cakes is a local bakery. Price and cost information per month is as follows: Selling Price per cake $17.00 Variable Cost per Cake Direct
Cove's Cakes is a local bakery. Price and cost information per month is as follows: Selling Price per cake $17.00 Variable Cost per Cake Direct Ingredients 2.50 Direct Labor 1.40 Overhead 0.20 Total Fixed Costs per $3,850.00 Month 11. Calculate the contribution margin per unit for a cake. 12. Calculate the contribution margin ratio for a cake 13. Calculate the number of units Cove needs to sell to break even. 14. Calculate the sales dollars to break even? 15. Calculate the units needed for Cove to make a profit of $25,000. 16. Calculate the sales dollars need to make a profit of $25,000 17. If Cove has budgeted sales of $10,000 per month, what is their margin of safety
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