Score: 0 of 1 pt 2 of 2 (1 complete) HW Score: 4296, 0.84 of 2 pa Question Help E7-34A (similar to) Samuel's Repair Shop has a monthly target operating income of $12,000 Variable expenses are 70% of sales, and monthly fixed expenses are $9.000 Read the requirements Requirements Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal, Begin by identifying the formula to compute the margin of safety Margin of safety in dollars 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal 2. Express Samuel's margin of safety as a percentage of the sales 3. What is Samuel's operwing leverage factor the target level of operating income? 4. Assume that the company reaches its target. By what percentage will the company's operating income fail if sales volume declines by 157 Print Done