Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cove's Cakes is a local bakery. Price and cost information follows: $ 14.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box,

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.18 1.12 @.12 $3,516.80 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 370 cakes per month 3. Determine the number of cakes that Cove must sell to generate $1,300 in profit. | | | | 4 4 4 4 4 1,2M v Viv 4 4 4 Answer is complete but not entirely correct. 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.) Cakes Break-Even Units Break-Even Sales Dollars 330 4.722.30 s Required 2 > VOLJP70232rusu.blackboard.com%252Fwebapps... er 6 Assignment Saved Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate 1 1. WCIC LUVES LICON-CVCHI MUHIL HUIS GUIU SGICS UVIIGIS. 2. Determine the bakery's margin of safety if it currently sells 370 cakes per month 3. Determine the number of cakes that Cove must sell to generate $1,300 in profit. Answer is complete but not entirely correct. 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 370 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 (5) $ 1.002 here to search O II Required 1 Required 2 Required 3N Determine the number of cakes that Cove must sell to generate $1,300 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number:) Target Sales Units 470 % Cakes

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Controllers Toolkit

Authors: Christine H. Doxey

1st Edition

1119700647, 9781119700647

More Books

Students also viewed these Accounting questions