A company with high operating leverage: has a greater, proportion of variable costs to fixed costs. has an equal proportion of fixed and variable costs. is less sensitive to changes in sales. has a greater proportion of fixed costs to variable costs. Operating leverage refers to the extent to which a company's net income reacts to a given change in sales. True False ___ is the amount of revenue that remains after deducting variable costs in a CVP income statement Net income Contribution margin. Fixed income. Gross income