... Hivy Cn7 Score: 0.4 of 2 pts 7 of 8 (7 complete) HW Score: 71.78%, 7.18 of 10 pts %E7-34A (similar to) Question Help Edward's Repair Shop has a monthly target operating income of $12,000 Variable expenses are 70% of sales, and monthly foxed expenses are $9.000 Read the requirements Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income you Begin by identifying the formula to compute the margin of safety Target sales in dollars - Breakeven sales in dollars = Margin of safety in dollars (Round intermediate calculations up to the nearest whole dollar and your final answer to the nearest whole dollar) The margin of safety is $ Enter any number in the edit fields and then click Check Answer Check Answer 5 parts remaining E7-34A (similar to) 3 Question Help Edward's Repair Shop has a monthly target operating income of $12,000. Variable expenses are 70% of sales, and monthly fixed expenses are $9,000 Read the requirements. 0 Requirements - X Requirement 1. Compute the month Begin by identifying the formula to co Target sales in dollars (Round intermediate calculations up 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Edward's margin of safety as a percentage of target sales. 3. What is Edward'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 12%? The margin of safety is $ Print Done Enter any number in the edit fields and then click Check Answer Check Answer narts Clear All