Please solve the wrong answer.

Scatter Diagrams and High$-$Low Cost Estimation Contribution Income Statement and Operating Leverage

per crate, and fixed costs are $$277,000$ per year. In the year $2008,$ Florida Berry Basket sold $46,000$ crates.

$($a$)$ Prepare a contribution income statement for the year ended December $31,2008.$ HINT: Use a negative sign with both "costs" answers.

$($b$)$ Determine the company's $2008$ operating leverage. $($Round your answer to two decimal places.$)$

$($c$)$ Calculate the percentage change in profits if sales decrease by $10$ percent. $($Round your answer to one decimal place.$)$

x $\%$ decrease

answer to two decimal places.$)$

mile of road. The following information is available regarding current$-$year operations:

Use the information from the high$-$ and low$-$volume months to develop a cost$-$estimating equation for monthly labor costs.

a cost$-$estimating equation for monthly labor costs.

Adjust the equation developed in requirement $($b$)$ to incorporate the effect of an anticipated $7$ percent increase in wages.