Complete all 4 parts

Samuel's Repair Shop has a monthly target operating income of $15,000. Variable expenses are 70% of sales, and monthly fixed expenses are $12,000, Hint: The contribution margin ratio =100% - Variable expenses percentage of sales. Read the requirements. Requirement 1. Compute the monthly margin of safefy in dollars if the shop achieves its income goal. Begin by identifying the formula to compute the margin of safety. Target sales in dollars _. . Breakeven sales in dollars (Round intermediate calculations up to the noarest whole dollar and your final answer to the nearest whole dollar.) The margin of safety is muers Repair Shop has a monthly target operating income of $15,000. Variable expenses are 70% of sales, and monthly fixed expenses are $12,000. Hint The ntribution margin ratio =100% - Variable expenses percentage of sales. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Samuel's margin of satety as a percentage of target sales. 3. What is Samuel'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 wolume declines by 15%