Q1 A higher operating leverage factor gives a higher break-even point and a higher margin of safety. True/False

Q2 The break even point is the point of sales where the total fixed and variable costs are equal to revenue, while the margin of safety is the expected or actual sales revenue when it is above the companys break even point. True/False

Q3 The manufacturing cost per unit under the variable costing or contribution margin approach is always lower than under the traditional or absorption costing approach. True/False