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Which of the following statements is FALSE?
Variable Costs
Costs that vary directly with the level of production or sales activity.
Operating Income
Income from a company's main business operations, excluding expenses and revenues from non-operational activities.
Variable Costs
Expenses that vary directly with the level of production or sales volume, such as materials and labor.
Fixed Costs
Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, wages, and insurance premiums.
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