QUESTION 20 Which statement is true about cost-volume profit (CVP) analysis? O CVP analysis is a powerful tool for planning and decision making. O CVP analysis allows managers to do sensitivity analysis by examining the impact of various prices or cost levels on profit. O CVP analysis shows how revenues, expenses, and profits behave as volume changes. 0 CVP analysis can be used in both single-product and multi-product firms. O All of these statements are true