Cove's Cakes is a local bakery. Price and cost information follows: $ 14.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month w 2.29 1.11 0.23 $4,312.00 2. Assume that Cove sold 420 cakes last month. Calculate the company's degree of operating leverage. (Do not round intermediate calculations. Round places.) Degree of Operating Leverage 3. Using the degree of operating leverage calculated in Requirement 2, calculate the change in profit caused by a 10 percent increase in sales revenue. (R decimal places (ie. .1234 should be entered as 12.34%.)) Effect on Profit