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HELP Cove's Cakes is a local bakery. Price and cost Information follows: Required: 1. Calculate Cove's new break-even point under each of the following Independent

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image text in transcribed Cove's Cakes is a local bakery. Price and cost Information follows: Required: 1. Calculate Cove's new break-even point under each of the following Independent scenarlos: a. Sales price Increases by $1.30 per cake. b. Fixed costs Increase by $470 per month. c. Varlable costs decrease by $0.26 per cake. d. Sales price decreases by $0.50 per cake. 2. Assume that Cove sold 465 cakes last month. Calculate the company's degree of operating leverage. 3. Using the degree of operating leverage, calculate the change in profit caused by a 5 percent Increase in sales reve Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Using the degree of operating leverage, calculate the change in profit caused by a 5 percent increase in sales revenue. Note: Round your final answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.)

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