Reggie's Repair Shop has a monthly target prott at $19,500 Variable costs are 15% ot sales, and monthly fixed costs are $1300 1. Comipute the monthly margin of safety in dolars if the shop achieves its income goal 2. Express Reggie's margin o safety as a percentage or target sales 3. Why would Reggie's management want to know the shop's margin of safety? Requirement 1. Compute the mcnthly margin of safety in dollars it the shop achieves its income goal Select the labeis and enter the amounts to compute Regge's Repair Shop's monthly margin ot satety in dollers montnly 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 manegement 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 managens