Question: Need solved ASAP with formula used thanks! E6-3 Determining Break-Even Point, Target Profit, Margin of Safety [LO 6-1, 6-2, 6-3] Cove's Cakes is a local

Need solved ASAP with formula used thanks!

E6-3 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: S 13.81 Price per cake Variable cost per cake 2.29 1.04 0.25 $3,171.30 Ingredients Direct labor Overhead (box, etc) Fixed cost per month Required: 1. 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 2. Determine the bakery's margin of safety if it currently sells 370 cakes per month. (Round your intermediate calculations to 2 decimals. Round the break-even units and final answer to nearest whole dollar.) Margin of Safety 3. Determine the number of cakes that Cove must sell to generate $1,400 in profit. (Round your intermediate calculations to 2 decimal places and final answer to nearest whole number.) Sales Units Cakes

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