Cove's Cakes is a local bakery. Price and cost information follows: $ 13.01 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.21 1.06 0.21 $3,621.40 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: (Rou a. Sales price increases by $1.80 per cake. Break-Even Point - cakes b. Fixed costs increase by $450 per month. Break-Even Point - cakes | c. Variable costs decrease by $0.28 per cake. Break-Even Break-Even Point cakes d. Sales price decreases by $0.30 per cake. Break-Even Point cakes 2. Assume that Cove sold 405 cakes last month. Calculate the company's degree of operating leverage. (Do not round intermediate calculations. Ro Degree of Operating Leverage 3. Using the degree of operating leverage calculated in Requirement 2, calculate the change in profit caused by a 14 percent increase in sales revenue. Effect on Profit