o Waly's Repair Shop has a monthly target operating income of $30,000 Variable expenses are 40% of sales, and monthly foxed expenses are $7,500 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 (Round intermediate calculations up to the nearest whole dotar and your final anawer to the nearest whole dolar) The margin of safety is $ Requirement 2. Express Walya margin of safety as a percentage of target sales Begin by identifying the formula to compute the margin of safety as a percentage of target soles Margin of nafety perontage (Round the percentage to the nearest whole peront) The margin of safety percentage in % of target sales Requirements. What is Wally's operating leverage factor at the target level of operating income? Begin by identifying the formula to compute the operating leverage factor at the target level of operating income Oporaing leverage factor (Round your answer to two decimal places) The operating leverage factoris Requirement 4. Ausume that the company reaches its target By what percentage will the company's operating income fat if sales volume dicines by 15%? (Round your answer to two decimal places, XXXX%) If volume decreases 15%, operating income will decrease Choose from any list or enter any number in the input fields and then continue to the next