Question
Uncle TT sells cheese cakes. Selling price of each cheese cake is $20 and variable costs of $6. Total fixed costs for Uncle TT are
Uncle TT sells cheese cakes. Selling price of each cheese cake is $20 and variable costs of $6. Total fixed costs for Uncle TT are $7,000.
What is the contribution margin per cake? $
What is the Uncle TTs total profit when 600 cakes are sold? $
How many cakes must Uncle TT sell to reach the breakeven point?
How many cakes must Uncle TT sell to yield a profit of $7,000?
If variable cost is increased to $8 per cake and fixed cost to $8,000, how many cakes must Uncle TT sell to yield a profit of $7,000?
No need to write down the unit or $ sign in your answers.
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