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T/F On the variable costing income statement, the amounts representing the difference between the contribution margin and income from operations is the fixed manufacturing costs

T/F On the variable costing income statement, the amounts representing the difference between the contribution margin and income from operations is the fixed manufacturing costs and fixed selling and administrative expenses.

T/F The absorption costing income statement does not distinguish between variable and fixed costs.

T/F Companies with large amounts of fixed costs will generally have a high operating leverage.

T/F If direct materials cost per unit increases, the break-even point will increase.

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