Cove's Cakes is a local bakery. Price and cost information follows: $ $ 17.00 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.50 1.40 0.20 $3,850.00 2. Assume that Cove sold 400 cakes last month. Calculate the company's degree of operating leverage. (Round your answer to 4 decimal places.) X Answer is complete but not entirely correct. Degree of Operating Leverage 3.9400 X 3. Using the degree of operating leverage, calculate the change in profit caused by a 10 percent increase in sales revenue. (Do not round your intermediate calculations. Round your final answer to 2 decimal places. (i.e. 1234 should be entered as 12.34%.)) Answer is complete but not entirely correct. Effect on Profit 39.40 X %