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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: $ 14.41 2.25 1.18 0.14 4,878.00 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 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: $ 14.41 2.25 1.18 0.14 4,878.00 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. $ 14.41 2.25 1.18 0.14 4,878.00 Determine the number of cakes that Cove must sell to generate $2,800 in profit. Note: Round your intermediate calculations to 2 decimal places and final answer to nearest whole number. Target Sales Cakes Ingredients Direct labor Overhead (box, etc.) Fixed costs per month Required: Cove's Cakes is a local bakery. Price and cost information follows: Price per cake Variable cost per cake < Required 2 Required 1 Required 2 Required 3 $ 14.41 2.25 1.18 0.14 4,878.00 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 3 > Complete this question by entering your answers in the tabs below. Determine the bakery's margin of safety in sales dollars if it currently sells 490 cakes per month. Note: Round your intermediate calculations to 2 decimals. Round the final answer to nearest whole dollar. Margin of Safety < Required 1 Required 3 >
Transcribed Image Text: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: 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 1 Required 2 Required 3 Complete this question by entering your answers in the tabs below. $ 14.41 2.25 1.18 0.14 4,878.00 Determine the number of cakes that Cove must sell to generate $2,800 in profit. Note: Round your intermediate calculations to 2 decimal places and final answer to nearest whole number. Target Sales Cakes Ingredients Direct labor Overhead (box, etc.) Fixed costs per month Required: Cove's Cakes is a local bakery. Price and cost information follows: Price per cake Variable cost per cake < Required 2 Required 1 Required 2 Required 3 $ 14.41 2.25 1.18 0.14 4,878.00 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 3 > Complete this question by entering your answers in the tabs below. Determine the bakery's margin of safety in sales dollars if it currently sells 490 cakes per month. Note: Round your intermediate calculations to 2 decimals. Round the final answer to nearest whole dollar. Margin of Safety < Required 1 Required 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 costs per month Required: 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 1 Required 2 $14.41 Complete this question by entering your answers in the tabs below. 2.25 1.18 0.14 4,878.00 Required 3 Break-Even Units Break-Even Sales Dollars Determine Cove's break-even point in units and sales dollars. Note: Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places. Cakes
Transcribed Image Text: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: 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 490 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Required 1 Required 2 $14.41 Complete this question by entering your answers in the tabs below. 2.25 1.18 0.14 4,878.00 Required 3 Break-Even Units Break-Even Sales Dollars Determine Cove's break-even point in units and sales dollars. Note: Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calculations and sales dollars answer to 2 decimal places. Cakes
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