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All the following statements about the term "contribution margin" are true, except for: Multiple Choice The amount of dollars left over after covering the variable costs. The amount of dollars available to cover the fixed costs. The amount of dollars available to generate Net Income. The amount of dollars left over after covering the fixed costs. The amount of dollars avallable to generate profit. Which of the following costs is most likely a fixed cost? Multiple Choice Direct materials. Supervisor salaries. Direct labor: Period costs. Indirect wages