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 costs per month Required: $ 13.31 2.16 1.20 8.14 2,943.00 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety in sales dollars if it currently sells 380 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,400 in profit
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 costs per month Required: $ 13.31 2.16 1.20 8.14 2,943.00 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety in sales dollars if it currently sells 380 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,400 in profit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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