question1: Contribution Margin is the amount remaining from sales revenue after fixed expenses have been deducted

True

False

question 2: The margin of safety is the excess of budgeted or actual sales over the break-even volume of sales

True

False

question3: Operating leverage is a measure of how sensitive net operating income is to percentage changes in sales

True

False

question4: At the break-even point, the total contribution margin and fixed expenses are equal

True

False

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