Which of the following statements is false?

Multiple Choice

• Margin of safety is the excess of budgeted or actual dollar sales over the break-even dollar sales.

• Sales mix refers to the relative proportions in which a company's products are sold.

• Operating leverage is a measure of how sensitive net operating income is to a given percentage change in dollar sales.

• The break-even point is the level of sales at which the total sales dollar amount equals the total fixed costs

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