E6-3 Determining Break-Even Point, Target Profit, Margin of Safety [LO 6-1, 6-2, 6-3]

E6-3 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: Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month Required: s 14.61 2.30 1.12 0.11 $3, 102.40 1. 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.) Break-Even Units Break-Even Sales Dollars Cakes 2. Determine the bakery's margin ot safety It it currently sells 360 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.) argin 3. Determine the number of cakes that Cove must sell to generate $2,300 in profit (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) et Sales Units Cakes