Coves Cakes is a local bakery. Price and cost information follows: Price per cake $ 14.51 Variable cost per cake Ingredients 2.30 Direct labor 1.18 Overhead (box, etc.) 0.26 Fixed costs per month 4,846.50 Required: Calculate Coves new break-even point under each of the following independent scenarios: Sales price increases by $2.00 per cake. Fixed costs increase by $520 per month. Variable costs decrease by $0.38 per cake. Sales price decreases by $0.60 per cake. Assume that Cove sold 475 cakes last month. Calculate the companys degree of operating leverage. Using the degree of operating leverage, calculate the change in profit caused by a 11 percent increase in sales revenue