Rosemary is planning to make fancy multi-tiered wedding cakes for the next wedding season. To make thecakes, she must invest $742 in some special baking pans and tools. To get started, she needs to spend$2,130 to advertise in the newspaper. She estimates that supplies and materials for each cake will cost $56.She is planning to set the price for each cake at $561.a.) Calculate the contribution margin.b.) Calculate the contribution rate.(A percentage correct to 2 decimal places.)c.) Calculate the break-even point in units.(Round up to the next whole unit.)d.) Calculate the break-even point in sales dollars.(Use the rounded number of units.)

The contribution Margin is calculated as difference between sales and variable cost. The break even…

Answered: Rosemary is planning to make fancy…

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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please answer all part
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