Question 4 (1 point) Which of the following statements is true? Sales - variable expenses = contribution margin Contribution margin + net operating income = sales Sales - contribution margin = net operating income Contribution margin + fixed expenses = net operating income Question 5 (1 point) If the contribution margin is not sufficient to cover fixed expenses: contribution margin is negative. a loss occurs. variable expenses equal contribution margin. total profit equals total expenses. When expressed on a per unit basis, fixed costs can mislead decision makers into thinking of them as variable costs. True False Question 2 (1 point) Saved If the variable expense per unit decreases, and all other factors remain the same, the contribution margin ratio will increase. True False Question 3 (1 point) Saved Incremental analysis is an analytical approach that focuses only on those revenues and costs that will change as a result of a decision. True False