Provide answer this question not use ai Krab Kakes has a selling price of $5 per cake, a variable cost of$1.50 per cake, and a total fixed cost of $3,000. In January,they sold 1,750 cakes.How much does each cake contribute to paying for fixedexpenses and generating profit?a. $3.21b. $1.50c. $5d. $3.50

Step 1: Define Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is used to determine the sales in…

Answered: Krab Kakes has a selling price of $5…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EA: Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of...

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Krab Kakes has a selling price of $5 per cake, a variable cost of $1.50 per cake, and a total fixed cost of $3,000. In January, they sold 1,750 cakes. How much does each cake contribute to paying for fixed expenses and generating profit? a. $3.21 b. $1.50 c. $5 d. $3.50