Ronnie's Repair Shop has a monthly target operating income of $15,000 Variable expenses are 70% of sales, and monthly fixed expenses are $12,000 Read the no Requirement 1. Compute the monthly margin of safety in dollars if the shop achieve its income goal Begin by identifying the formule to compute the margin of safety Target sales in dollars Breakevens in dollars Margin of safety in dollars 0 Requirements (Round intermediate calculations up to the nearest whole dollar and your final answer to the nearest wholedo The margin of safety is $ 50,000 Requirement 2. Express Ronnie's margin of safety as a percentage of target sales Begin by identifying the formula to compute the margin of safety as a percentage of target sales Margin of safety in dollars : Target sales in dollars Margin of safety percentage 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal 2. Express Ronnie's margin of safety as a percentage of target sales 3. What is Ronnie'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 sales volume declines by 7%? (Round the percentage to the nearest whole percent) The margin of safety percentage is of target sales Print Done