Accounting homework help

Anonymous
timer Asked: Mar 8th, 2016

Question description

My problem is :   Randy's Repair Shop has a monthly target profit of $17000. Variable costs are 60% of sales, and monthly fixed costs are $8,000. 

a. Compute the monthly margin of safety in dollars if the shop achieves its income goal. 

b. Express Randy's margin of safety as a percentage of target sales. 

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