Cost-volume-profit analysis is used to make many decisions, including product pricing and controlling costs. describe in detail the following -What assumptions are used in cost-volume-profit analysis? - Are these assumptions always valid? -Why do managers put such a great amount of emphasis on controlling fixed costs in their organizations? -What is meant by the statement, my company has good operating leverage? -How does good operating leverage magnify earnings results with modest revenue increase? - What are the limitations of using operating leverage to predict profitability