Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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:
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: Priceprice Variable cost cake Ingredients Director overhead (bon, etc.) 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 400 cakes per month 3. Determine the number of cakes that Cove must sell to generale $2.700 in profit Complete this question by entering your answers in the tabs below. Becured Required 3 Determine Coves break even point in units and sales dollars. Round your break-iven units answer to the nearest whole mbet Round your other intermediate calculations and sales dollars answer to 2 decimal places) Cakes Required 2 > Cove's Cakes is a local bakery. Price and cost information follows: $ Price per a Variable cost per cake 2.21 1.05 Direct Labor Overhead (box, etc.) Fixed cut per month $3,490.60 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 400 cakes per month 3. Determine the number of cakes that Cove must sell to generate $2.700 in profit Complete this question by entering your answers in the tabs below. Required Regtied 2 Required Required Determine the bakery's margin of safety if it currently sells 400 cakes per month. (Round your intermediate calculations to 2 Decimals. Round the break-even units and final answer to nearest whole dollar.) 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: $ 14.81 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.21 1.05 0.29 $3,490.60 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 400 cakes per month 3. Determine the number of cakes that Cove must sell to generate $2700 in profit. Complete this question by entering your answers in the tabs below. Required Required 2 Roluired Determine the number of cakes that Cove must sell to generate $2.700 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) Cakes
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started