Cove's Cakes is a local bakery. Price and cost information follows: 13.81 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.28 1.15 0.12 $3,898.80 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: (Round your answer to the nearest whole number.) a. Sales price increases by $1.30 per cake. Break-Even Point cakes b. Fixed costs increase by $515 per month. Break-Even Point cakes c. Variable costs decrease by $0.27 per cake. Break-Even Point cakes d. Sales price decreases by $0.60 per cake. Break-Even Point cakes 2. Assume that Cove sold 400 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 3. Using the degree of operating leverage calculated in Requirement 2, calculate the change in profit caused by a 8 percent increase in sales revenue. (Round your final answer to 2 decimal places (i.e. 1234 should be entered as 12.34%.)) Effect on Profit %