$6-3($Algo$)$ Determining Break$-$Even Point, Target Profit, Margin of Safety $[$LO $6-1,6-2,6-3]$

Cove$$s Cakes is a local bakery. Price and cost information follows:

Price per cake$ $13\mathrm{.}91$Variable cost per cake$$Ingredients$2\mathrm{.}27$Direct labor$1\mathrm{.}16$Overhead $($box$,$ etc.$)0\mathrm{.}15$Fixed costs per month$3,512\mathrm{.}20$

Required:

Determine Cove$$s break$-$even point in units and sales dollars.

Determine the bakery$$s margin of safety in sales dollars if it currently sells $390$ cakes per month.

Determine the number of cakes that Cove must sell to generate $$3,000$ in profit.