FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
$ 13.71
2.31
1.11
0.14
4,466.00
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 480 cakes per month.
3. Determine the number of cakes that Cove must sell to generate $1,800 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.
Note: Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calcul
sales dollars answer to 2 decimal places.
Break-Even Units
Break-Even Sales Dollars
Cakes
< Required 1
Required 2 >
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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 $ 13.71 2.31 1.11 0.14 4,466.00 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 480 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $1,800 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. Note: Round your Break-Even Units answer to the nearest whole number. Round your other intermediate calcul sales dollars answer to 2 decimal places. Break-Even Units Break-Even Sales Dollars Cakes < Required 1 Required 2 >
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