Cove's Cakes is a local bakery. Price and cost information follows:MCGrawHiNPrice per cakeVariable cost per cakeIngredientsDirect laborOverhead $($box$,$ etc.$)$Fixed costs per month$ $14\mathrm{.}412\mathrm{.}231\mathrm{.}130\mathrm{.}274,635\mathrm{.}40$Required:$1.$ Calculate Cove's new break$-$even point under each of the following independent scenarios:a$.$ Sales price increases by $$1\mathrm{.}60$ per cake.b$.$ Fixed costs increase by $$510$ per month.c$.$ Variable costs decrease by $$0\mathrm{.}36$ per cake.d$.$ Sales price decreases by $$0\mathrm{.}70$ per cake$\mathrm{.}2.$ Assume that Cove sold $455$ cakes last month. Calculate the company's degree of operating leverage$\mathrm{.}3.$ Using the degree of operating leverage, calculate the change in profit caused by a $8$ percent increase in sales revenue.