Question: =+EX 21-25 Operating leverage obj. 5 a. Varner, 3.00 988 Chapter 21 Cost Behavior and Cost-Volume-Profit Analysis In the following equations, based on the

=+EX 21-25 Operating leverage obj. 5

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a. Varner, 3.00 988 Chapter 21 Cost Behavior and Cost-Volume-Profit Analysis In the following equations, based on the variable costing income statement, identify the items designated by “X”:

a. Net Sales  X  Manufacturing Margin

b. Manufacturing Margin  X  Contribution Margin

c. Contribution Margin  X  Income from Operations Appendix

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