ia Sales price increases by $1.50 per cake 1b. Fixed costs increase by $475 per month 1c. Variable costs decrease by $0.29 per cake. 1d. Sales price decreases by $0.30 per cake Break-Even Point cakes cakes cakes cakes Rique! Required 2 > Required 1 Required 2 Required 3 Assume that Cove sold 315 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 Using the degree of operating leverage, calculate the change in profit caused by a 14 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 %