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Question Help Foster's Repair Shop has a monthly target operating income of $50,000 Variable expenses are 75% of sales, and monthly forced expenses are $11,000

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Question Help Foster's Repair Shop has a monthly target operating income of $50,000 Variable expenses are 75% of sales, and monthly forced expenses are $11,000 Read the requirements Requirement 1 Comnute the monthly marin 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Foster's margin of safety as a percentage of target sales. 3. What is Foster'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 15%

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