Cove's Cakes is a local bakery. Price and cost information follows:Price per cakeVariable cost per cakeIngredients$ 14.612.311.13Overhead (box, etc.)0.28Fixed costs per month4,464.90Direct laborRequired: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 480 cakes per month.3. Determine the number of cakes that Cove must sell to generate $1,900 in profit.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3Determine 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 andsales dollars answer to 2 decimal places.Break-Even UnitsBreak-Even Sales DollarsCakes< Required 1Required 2 >

Break even point :— It is the point of production where total cost is equal to total revenue. At…

Answered: Cove's Cakes is a local bakery. Price…

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 $ 14.21 Variable cost per cake Ingredients 2.33 Direct labor 1.12 Overhead (box, etc.) 0.25 Fixed cost per month $ 3,153.00 How do i find the break even sales for this problem
TARGET SALES UNITS Determine the number of cakes a bakery must sell to gerate $1,100 in profit based on the following information: Price per cake $14.71 Variable Cost per cake Ingredients $2.25 Direct Labor $ 1.02 Overhead $.25 Fixed Cost Per Month $4,476
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Reuben's Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Costs Reuben's Deli cost data Amounts Materials Labor Variable overhead Fixed overhead Increments $0.24 per roll 0.40 per roll 0.16 per roll 0.20 per roll A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what will the effect on profit be?
penninsula hardware buys cabinet doors for $24 less 39%, 10% and 4%. the store's overhead expenses are 34% of cost and the required profit is 14% of cost Find the cost= find the expense= find the profit= find the regular selling price=
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Variable Cost, Fixed Cost, Contribution Margin Income Statement Chillmax Company plans to sell 3,500 pairs of casual shoes at $60 each in the coming year. Product costs include: Direct materials per pair $ 12 Direct labor per pair 4 Variable factory overhead per pair Total fixed factory overhead 30,000 Variable selling expense is a commission of $3 per pair; fixed selling and administrative expense totals $48,000. Required: 1. Calculate the total variable cost per unit. $ 2. Calculate the total fixed expense for the year. $ 3. Prepare a contribution margin income statement for Chillmax Company for the coming year. Enter all amounts as a positive number. Chillmax Company Contribution Margin Income Statement For the Coming Year Total Per Unit Sales 2$ Total variable cost Total contribution margin $ Total fixed cost Operating income
FUT manufactures two products.. Both products require manufacturing operations in two departments: Product 1 2 Profit/Unit $25 $20 Labour Hours Dept. A 6 8 Labour Hours Dept. B 12 10 For the coming production period, FUT has available 900 hours of labor that can be allocated to either of the two departments. Find the production plan and labor allocation (hours assigned in each department) that will maximize profit. (Use Excel Solver)
Dustin Co. makes three products, A, B and C. They have a constrained resource - machine hours. There are only 17,459 machine hours available a month. The three products have the following data: A B C Selling Price per unit 6.00 16.00 11.00 Variable Cost per unit 2.00 4.00 6.00 Machine hours required 2 4 5 Demand for product in units 1,171 3,934 1,021 How much of product B should be produced?
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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 cost per month $ 14.41 2.24 1.16 0.25 $4,842.00 Required: 1. Determine Cove's break-even point in units and sales dollars. 2. Determine the bakery's margin of safety if it currently sells 540 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,100 in profit. tA

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