M$6-13($Algo$)$ Calculating Degree of Operating Leverage $[$LO $6-5]$

Heather Hudson makes stuffed teddy bears. Recent information for her business follows:

Selling price per bear

Total fixed costs per month

Variable cost per bear

$$34\mathrm{.}50$

$1,330\mathrm{.}00$

$15\mathrm{.}50$

Required:

Determine the degree of operating leverage if she sells $370$ bears this month.

Note: Round your answer to $2$ decimal places.

Degree of operating leverage