Reggie's Repair Shop has a monthly target profit of $54,000. Variable costs are 20% of sales, and monthly fixed costs are $18,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Reggie's margin of safety as a percentage of target sales. 3. Why would Reggie'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 the labels and enter the amounts to compute Reggie's Repair Shop's monthly margin of safety in dollars. = Margin of safety in dollars Requirement 2. Express Reggie's margin of safety as a percentage of target sales. (Enter your answer as a whole percent.) The margin of safety as a percentage of target sales is: %. Requirement 3. Why would Reggie's management want to know the shop's margin of safety? Managers can use margin of safety to assess the to the company when there is a possibility of Making this assessment helps managers