Cove's Cakes is a local bakery. Price and cost information follows: $ 13.51 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.20 1.16 0.29 $4,338.40 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.90 per cake. Break-Even Point cakes b. Fixed costs increase by $515 per month. Break-Even Point cakes c. Variable costs decrease by 50.35 per cake. Break-Even Point cakes d. Sales price decreases by $0.30 per cake. 2. Assume that Cove sold 455 cakes last month. Calculate the company's degree of operating leverage (Do not round intermediate calculations. Round Degree of Operating Leverage 3. Using the degree of operating leverage calculated in Requirement 2, calculate the change in profit caused by a 9 percent increase in sales revenue. (Rou should be entered as 12.34%.)) Effect on Profit References eBook & Resources Worksheet Learning Objective: 06-04 Analyze how