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Randall's Repair Shop has a monthly target profit of $19,500. Variable costs are 75% of sales, and monthly fixed costs are S13,000. Requirements Compute the
Randall's Repair Shop has a monthly target profit of $19,500. Variable costs are 75% of sales, and monthly fixed costs are S13,000. Requirements Compute the monthly margin of safety in dollars if the shop achieves income goal, -Why would Randall's management want to know the shop's margin of safety? Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select a labels and enter the amounts to oompute Randal's Repair Shop's monthly margin of safety in dollars. Margin of safety in dollars Requirement 2. Express Randall's margin of safety as a percentage of target sales. (Enter your answer as a whole percent.) The margin of aafety as a percemtage of target sales is: Requirement 3. Why would Randal l's management want to know the shop's margin of safety? to the oompany when there is a possibility of Managers can use margin of safety to assess the Making this assessment helps managers
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