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2 points Which of the following statements is correct with regard to a Cost-Volume-Profit graph? A Cost-Volume-Profit graph assumes that total expense varies in direct

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2 points Which of the following statements is correct with regard to a Cost-Volume-Profit graph? A Cost-Volume-Profit graph assumes that total expense varies in direct proportion to unit sales A Cost-Volume-Profit graph shows the maximum possible profit A Cost-Volume-Profit graph shows the break-even point as the intersection of the total sales revenue line and the total expense line A Cost-Volume-Profit graph shows the operating leverage as the gap between total sales revenue and total expense at the actual level of sales 2 2 points Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November Total $ 338,400 194.400 144,000 103.500 $ 40,500 Per Unit $47 27 20 Sales (7.200 units) Variable expenses Contribution margin Fixed expenses Net operating income it the company sells 7,100 units, is net operating income should be closest to: (Do not round Intermediate calculations.) $39.979 $38.500 0000 $35,000 $40,500

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