Chapter 1 Homework 6Cove’s Cakes is a local bakery. Price and cost information follows:Price per cake$ 14.41Variable cost per cakeIngredients2.18Direct labor1.04Overhead (box, etc.)0.23Fixed costs per...

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 430 cakes per month.
   


3. 
   Determine the number of cakes that Cove must sell to generate $1,300 in profit.