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Randy's Repair Shop has a monthly target profit of $31,000. Variable costs are 20% of...

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Accounting

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Randy's Repair Shop has a monthly target profit of $31,000. Variable costs are 20% of sales, and monthly fixed costs are $19,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Randy's margin of safety as a percentage of target sales. Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select the labels and enter the amounts to compute Randy's Repair Shop's monthly margin of safety in dollars. Randy's Repair Shop has a monthly target profit of $31,000. Variable costs are 20% of sales, and monthly fixed costs are $19,000 Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Randy's margin of safety as a percentage of target sales. Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select the labels and enter the amounts to compute Randy's Repair Shop's monthly margin of safety in dollars. =Marginofsafetyindollars=

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