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Reggio's Repair Shop has a monthly target profit of $21,000. Variable costs are 40% of...

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Accounting

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Reggio's Repair Shop has a monthly target profit of $21,000. Variable costs are 40% of sales, and monthly fixed costs are $27,000. Requirements 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 2. Express Reggie's margin of safety as a percentage of target sales. 3. Why would Reggie's management want to know the shop's margin of safety? Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Select the labels and entor the amounts to compute Reggie's Repair Shop's monthly margin of safety in dollars

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