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Please help me solve correctly. Randall's Repair Shop has a monthly target prot of $23,000. Van'able costs are 80% of sales, and monthly xed costs
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Randall's Repair Shop has a monthly target prot of $23,000. Van'able costs are 80% of sales, and monthly xed costs are $12,000. Requirements 1. Compute The monthly margin of safety in dollars iflhe shop achieves its income goal. 2. Express Randall's margin of safety as a percentage of target sales. 3. Why would Randall's management want to knoy.r the shop's margin of safety?I Requirement 1. Compute the monthly margin of safety in dollars iflhe shop achieves its income goal. Select the labels and enter the amounts to compute Randall's Repair Shop's monthly margin of safety in dollars. Target sales in dollars _ Breakeven sales in dollars 150000 _ 50.000 Margin of safety in dollars 35000Step by Step Solution
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