O Question 8 8pts 01 > You Break It, We Fix-it Repair Shop has a monthly target profit of $15,300. Variable costs are 55% of sales, and monthly fixed costs are $7,400. (Note: 100% of Sales - Variable costs. Contribution Margin), (Round your answers to two decimal places when needed and use rounded answers for all future calculations) 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. ton (Fixed Costs Target Profit) + 1 Contribution Margin per ratio (%) Required Sales in Dollars to Break-even ons 7400 16444 44 45 + 15300 eative (Fixed Costs + Target Profit) Contribution Margin ratio (%) 45 Required Sales In Dollars to meet Target Profit 5044444 5 7400 + 15300 Expected sales - Break-even sales - Margin of safety in dollars 34000 ID 2 Express what You Break It, We Fix-it Repair Shop margin of safety is as a percentage of target sales Margin of safety in dollars / Expected sales in dollars = Margin of safety ratio (%) > Next