PROBLEM I a) Ricky's Repair Shop has a monthly target profit of $17,000 Variable costs ate 60% of sales, and monthly fixed costs are $8,000 Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal 2. Express Ricky's margin of safety as a percentage of target sales b) The budgets of four companies yield the following information Company Down Left Right 375,500 Sales Revenue Variable Costs Fixed Costs Operating Income (Loss) Units Sold Contribution Margin per UnitS Contribution Margin Ratio 2,187,500 374,000 77,000225,000 216,00 256,700 85,400 125,000 14,000 3.50 75.00 18.00 80% 20% Requirements 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent) 2. Which company has the lowest breakeven point in sales dollars? 3. What causes the low breakeven point