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Coves Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.91 Variable cost per cake Ingredients 2.31 Direct labor 1.02

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

Price per cake $ 13.91
Variable cost per cake
Ingredients 2.31
Direct labor 1.02
Overhead (box, etc.) 0.20
Fixed costs per month 4,152.00

Required:

  1. Determine Coves break-even point in units and sales dollars.
  2. Determine the bakerys margin of safety in sales dollars if it currently sells 500 cakes per month.
  3. Determine the number of cakes that Cove must sell to generate $2,600 in profit.
image text in transcribedimage text in transcribed Complete this question by entering your answers in the tabs below. Determine Cove's break-even point in units and sales dollars. Note: Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places. Complete this question by entering your answers in the tabs below. Determine the number of cakes that Cove must sell to generate $2,600 in profit. Note: Round your intermediate calculations to 2 decimal places and final answer to nearest whole number

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