John'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 Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Requirements Begin by identifying the formula to compute the margin of safety Margin of safety in dollars 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express John's margin of safety as a percentage of target sales 3. What is John'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 11%? Print Done My