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Coves Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.81 Variable cost per cake Ingredients 2.21 Direct labor 1.19

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

Price per cake $ 13.81
Variable cost per cake
Ingredients 2.21
Direct labor 1.19
Overhead (box, etc.) 0.27
Fixed cost per month $ 4,765.80

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 550 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 $1,500 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.)

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