This Question: 6 pts 23 of 26 (21 complete) Edward's Repair Shop has a monthly target operating income of $30,000 Variable expenses are 40% of sales, and monthly fed expenses are $7,500. Read the 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 (Round intermediate calculations up to the nearest whole dollar and your final answer to the nearest whole dollar) The margin of safety is $ Requirement 2. Express Edward'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 Margin of (Round the percentage to the nearest whole percent) The margin of safety percentage is % of target sales. Requirement 3. What is Edward's operating leverage factor at the target level of operating incomo? Begin by identifying the formula to compute the operating leverage factor at the target level of operating income. - Operating leverage factor (Round your answer to two decimal places.) Choose from any list or enter any number in the input fields and then continue to the next question Edward's Repair Shop has a monthly target operating income of $30,000 Variable expenses are 40% of sales and monthly fed expenses are $7.500 and medic ations to the nearest whole dar and your final swer to the nearest whole dar) The margin of safety is $ Requirement 2. Express Edward's margin of safety as a p entage of target a Begin by letting the formule to compute the margin of safety as a percentage of targets - Margin of safety percentage Round the percentage to the nearest whole percent) The margin ofe rcntages of target sales Requirements. What is Edward'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 Round your newer to two decimales) The operating leverage factoris Requirement 4. Au that the company reaches its target By what percentage the company's operating com e decines by 1157 Round your volume decreases 11. perting income will decrease s Choose from any list or enter any number in the input fields and then continue to the next question MacBook Air