Please do not give solution in image format thanku Cove's Cakes is a local bakery. Price and cost information followsPrice per cakeVariable cost per cakeIngredientsDirect laborOverhead (box, etc.)Fixed costs per monthRequired: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 $1,400 in profit.Complete this question by entering your answers in the tabs below.Required 1 Required 2$ 13.312.161.288.142,943.00Required 3Break-Even UnitsBreak-Even Sales DollarsDetermine 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.CakesRepedRequired 2 > Cove's Cakes is a local bakery. Price and cost information follows:Price per cakeVariable cost per cakeIngredientsDirect laborOverhead (box, etc.)Fixed costs per monthRequired: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 $1,400 in profit.Complete this question by entering your answers in the tabs below.Required 1Required 2LDetermine the bakery's margin of safety in sales dollars if it currently sells 380 cakes per month.Note: Round your intermediate calculations to 2 decimals. Round the final answer to nearest whole dollar.Margin of SafetyPrice per cakeVariable cost per cakeIngredientsDirect laborOverhead (box, etc.)Fixed costs per monthRequired:$ 13.312.161.200.142,943.00Required 3Cove's Cakes is a local bakery. Price and cost information follows:Required 11< Required 1$ 13.31Cakes2.161.200.142,943.001. 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.Complete this question by entering your answers in the tabs below.Required 3 >Required 2 Required 3Determine the number of cakes that Cove must sell to generate $1.400 in profit.Note: Round your intermediate calculations to 2 decimal places and final answer to nearest whole numberTarget Sales< Required 2Required >

The break even sales are calculated as the fixed costs divided by the contribution margin ratio. The…

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

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 16E

See similar textbooks

Similar questions

West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target 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 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
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 360 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,900 in profit. Required 1 Required 2 $13.81 Complete this question by entering your answers in the tabs below. 2.28 1.07 0.14 3,302.40 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 cal sales dollars answer to 2 decimal places. Cakes
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. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.10 per cake. b. Fixed costs increase by $515 per month. c. Variable costs decrease by $0.30 per cake. d. Sales price decreases by $0.50 per cake. 2. Assume that Cove sold 485 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 9 percent increase in sales revenue. Required 1 $ 13.01 2.31 1.07 0.16 4,356.20 Complete this question by entering your answers in the tabs below. Required 2 Required 3 Calculate Cove's new break-even point under each of the following independent scenarios: Note: Round your answers to the nearest whole number. a. Sales price increases by $1.10 per cake. b.…
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. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.80 per cake. b. Fixed costs increase by $505 per month. c. Variable costs decrease by $0.37 per cake. $ 13.61 2.27 1.05 0.17 4,351.60 d. Sales price decreases by $0.50 per cake. 2. Assume that Cove sold 450 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 15 percent increase in sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Cove's new break-even point under each of the following independent scenarios: Note: Round your answers to the nearest whole number. 1a Salas nrice increases hy $1 A0 ner raka a.…
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 $ 14.01 2.25 1.06 0.12 4,443.60 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 520 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,000 in profit.
Cove's Cakes is a local bakery. Price and cost information follows: $ 13.71 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.34 1.16 0.19 $4,108.20 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 460 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit.
Cove's Cakes is a local bakery. Price and cost information follows: Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2$ 13.81 2.34 1.09 0.21 $4,881.60 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 580 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,800 in profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine Cove's break-even point in units and sales dollars. (Round your Break-Even Units answer to the nearest whole number, Round your other intermediate calculations and sales dollars answer to 2 decimal places.) Break-Even Units Cakes Break-Even Sales Dollars
Saved 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 $ 13.01 2.21 1.19 0.24 $4,216.50 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 $2,500 in profit. Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Required 3 EDetermino the
Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 14.01 Variable cost per cake Ingredients 2.25 Direct labor 1.14 Overhead (box, etc.) 0.20 Fixed costs per month 3,334.40 Required: 1.Calculate Cove’s new break-even point under each of the following independent scenarios: a.Sales price increases by $1.20 per cake. b.Fixed costs increase by $520 per month. c.Variable costs decrease by $0.45 per cake. d.Sales price decreases by $0.50 per cake. 2.Assume that Cove sold 335 cakes last month. Calculate the company’s degree of operating leverage. 3.Using the degree of operating leverage, calculate the change in profit caused by a 5 percent increase in sales revenue
Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.81 Variable cost per cake Ingredients 2.34 Direct labor 1.09 Overhead (box, etc.) 0.21 Fixed cost per month $ 4,881.60 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 580 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 Determine the bakery’s margin of safety if it currently sells 580 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.)
Cove’s Cakes is a local bakery. Price and cost information follows: Price per cake $ 13.11 Variable cost per cake Ingredients 2.30 Direct labor 1.17 Overhead (box, etc.) 0.16 Fixed cost per month $ 3,602.40 Required: 1. Calculate Cove’s new break-even point under each of the following independent scenarios: a. Sales price increases by $1.50 per cake. b. Fixed costs increase by $475 per month. c. Variable costs decrease by $0.37 per cake. d. Sales price decreases by $0.50 per cake. 2. Assume that Cove sold 405 cakes last month. Calculate the company’s degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 11 percent increase in sales revenue. rev: 10_04_2019_QC_CS-184582 Next Visit question map Question4of7Total4 of 7 Prev

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS