value: 2.00 points E6-4 Analyzing Changes in Price, Cost Structure, Degree of Operating Leverage [LO 6-4, 6-5] Cove's Cakes is a local bakery. Price and cost information follows: 13.41 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.16 1.15 0.19 $3,171.20 d. Sales price decreases by $0.50 per cake Break-Even Point cakes 2. Assume that Cove sold 340 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 Loverage 3. Using the degree of operating leverage calculated in Requirement 2, calculate the change in profit caused by a 7 percent increase in sales revenue (Round your final answer to 2 decimal places (Le..1234 spould be entered as 12.34%.)) Effect on Pro %