Score: 1.6 of 2 pts 9 of 10 (10 complete) %E7-36A (similar to) Terry'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 Bugun by nuring the communa w compute te margin or salety Target sales in dollars Breakeven sales in dollars Margin of safety in dollars (Round intermediate calculations up to the nearest whole dollar and your final answer to the nearest whole dollar.) The margin of safety is $ 40,000 Requirement 2. Express Terry'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 (Round the percentage to the nearest whole percent.) The margin of safety percentage is 57 % of target sales Requirement 3. What is Terry's operating leverage factor at the target level of operating income? Begin by identifying the formula to compute the operating leverage factor at the target level of operating income. Contribution margin Operating income Operating leverage factor (Round your answer to two decimal places.) The operating leverage factor is