Cove's Cakes is a local bakery. Price and cost information follows: $ 14.51 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.22 1.11 0.26 $4,040.40 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.40 per cake. b. Fixed costs increase by $550 per month. c. Variable costs decrease by $0.28 per cake. d. Sales price decreases by $0.50 per cake. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate Cove's new break-even point under each of the following independent scenarios: (Round your answers to the nearest whole number.) a. Sales price increases by $1.40 per cake. Show more! Break-Even Point 1a. cakes 1b. cakes Sales price increases by $1.40 per cake Fixed costs increase by $550 per month Variable costs decrease by $0.28 per cake. Sales price decreases by $0.50 per cake 1c. cakes 1d. cakes Required 1 Required 2 Required 3 Assume that Cove sold 390 cakes last month. Calculate the company's degree of operating leverage. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Degree of Operating Leverage Required 1 Required 2 Required 3 Using the degree of operating leverage, calculate the change in profit caused by a 7 percent increase in sales revenue. (Round your intermediate values to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.)) Effect on Profit %