Question: Determine the missing amounts in the following table: (Round your percentage answers to the nearest whole number and other answers to 2 decimal places.) Unit

Determine the missing amounts in the following table: (Round your percentage answers to the nearest whole number and other answers to 2 decimal places.) Unit Contribution Margin Unit Unit Sales Variable Price Costs $ 22.00 $ 10.00 10.00 50.00 Contribution Margin Ratio % 24.00 % 25 % Cove's Cakes is a local bakery. Price and cost information follows: $ 17.00 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, ete. ) Fixed cost per month 2.50 1.40 0.20 $3,850.00 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 450 cakes per month. 3. Determine the number of cakes that Cove must sell to generate $2,000 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 and sales dollars answer to 2 decimal places.) Break-Even Units Break Even Sales Dollars Cakes
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
