please help out with the requirments

E7-34A (similar to) Question Help John's Repair Shop has a monthly target operating income of $10,000 Variable expenses are 50% of sales, and monthly fixed expenses are $7,000 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 D - X - 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 10%? Print Done Choose from any drop-down list and then click Check Answer. parts Clear All Check Answer E7-34A (similar to) Question Help John's Repair Shop has a monthly target operating income of $10,000 Variable expenses are 50% of sales, and monthly fixed expenses are $7,000 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 Breakeven sales in dollars Contribution margin ratio Fixed expenses Target operating income Target sales in dollars Variable expenses