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 $ 13.91 Variable cost per cake Ingredients 231 Direct labor 1.04 Overhead (box, etc.) Fixed cost per month $4,719.60 0.30 Required: 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 anwer to 2 decimal places.) Cakes Break Even Units Break Even Sales Dollars 2. Determine the bakery's margin of safety if it currently sells 560 cakes per month (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar) Margin of lately 3. Determine the number of cakes that Cove must sell to generate $2,500 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) Target Sales Units Cakes