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4) At its present level of operations, a small manufacturing firm has total variable costs equal to 65% of sales and total fixed costs equal

4) At its present level of operations, a small manufacturing firm has total variable costs equal to 65% of sales and total fixed costs equal to 20% of sales. If sales change by $1.00, operating income will change by a $0.15 b $0.35 c $0.65 d An answer can't be determined from this information

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