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ERCISE 4-1D CVP Analysis [LO 2] Gabby's Wedding Cakes creates elaborate wedding cakes. Each cake sells for $600. The variable cost of making the cakes

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ERCISE 4-1D CVP Analysis [LO 2] Gabby's Wedding Cakes creates elaborate wedding cakes. Each cake sells for $600. The variable cost of making the cakes is $250, and the fixed cost per month is $8,750. REQUIRED a. Calculate the break even point for a month in units. b. How many cakes must be sold to earn a monthly profit of $7,000

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