Brett's Repair Shop has a monthly target operating income of $20,000 Vanable expenses are 60% of sales, and monthly fixed expenses are $8,000 Read the requirements Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal Begin by identifying the formula to compute the margin of safety = Margin of safety in dollars Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal 2. Express Brett's margin of safety as a percentage of target sales 3. What is Brett's operating leverage factor at the target level of operating income? 4. Assume that the company reaches its target By what percentage will the company's operating income fall if sales volume declines by 8%? Print Done Choose from any drop-down list and men click Check