E$6-3($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

Variable cost per cake

Ingredients

Direct labor

Overhead $($box$,$ etc.$)$

Fixed costs per month

$$14\mathrm{.}61$

$2\mathrm{.}281\mathrm{.}080\mathrm{.}194,866\mathrm{.}40$

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 $530$ cakes per month.

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

Complete this question by entering your answers in the tabs below.

Require $f^{\text{'}1}$

Required $2$

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 calculations and sales dollars answer to $2$ decimal places.

$\backslash$table$[[$Break$-$Even Units,,Cakes$],[$Break$-$Even Sales Dollars,,$]]$