Homework: Chapter 7 Score: 0 of 4 pts 3 of 3 (1 completo) E7-59B (similar to) Foster's Repair Shop has a monthly target operating income of $35,000. Variable expenses are 50% of sales, and monthly fixed expenses are $10,500. 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 Foster's margin of safety as a percentage of target sales 3. What is Foster'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 fail sales volume declines by 115? Print Done Choose from any drop-down list and then click Check Answer Clear Al parts 6 remaining