Randy's Repair Shop has a monthly target profit of $17,000. Varable costs are 60% of saies, and menthly fixed costs are $6,000 Requirements 1. Compulo the monthly margin of salefy in dollars if the shop achioves its income poal. 2. Express Randy/s margin of safety as a percentage of target sales 3. Why would Randy's management want to know the shop's margin of talety? Requirement 1. Compute the monthly margin of salety in dolars it the shop acheves is income goal. Solect the iabels and enter the amounts to compute Randys Repar Shop's monthly margin of safety in dolars. * Margin of afoty in dolars Requirement 2. Express flandy's margin of safety as a percentage of farget saies. (Erier your answer as a whole percent.) The margin of satety os a percentage of target sales is: Requirement 3. Why would flandys management want io know the shopis margin of afoy? Managers can use margin of safety to ascess the to the company when there is a poss bingy of Making this assesiment helps managers Randy's Repair Shop has a monthly target profit of $17,000. Varable costs are 60% of saies, and menthly fixed costs are $6,000 Requirements 1. Compulo the monthly margin of salefy in dollars if the shop achioves its income poal. 2. Express Randy/s margin of safety as a percentage of target sales 3. Why would Randy's management want to know the shop's margin of talety? Requirement 1. Compute the monthly margin of salety in dolars it the shop acheves is income goal. Solect the iabels and enter the amounts to compute Randys Repar Shop's monthly margin of safety in dolars. * Margin of afoty in dolars Requirement 2. Express flandy's margin of safety as a percentage of farget saies. (Erier your answer as a whole percent.) The margin of satety os a percentage of target sales is: Requirement 3. Why would flandys management want io know the shopis margin of afoy? Managers can use margin of safety to ascess the to the company when there is a poss bingy of Making this assesiment helps managers