Select the assumptions underlying CVP analysis. Choose the four assumptions underlying CVP analysis by selecting "Yes" if the statement is an assumption or "No" if the statement is not an assumption Changes in the level of revenues and costs arise only because of changes in the number of product (or service) units sold. Total costs can be separated into a fixed component that does not vary with the units sold and a component that is variable with respect to the units sold. Fixed costs only include the direct fixed costs and do not include indirect fixed costs of a product or service) When represented graphically, the behavior of total revenues and total costs are linear (represented as a straight line) in relation to units sold within a relevant range and time period. The number of units sold is one of many cost drivers. The selling price, variable cost per unit, and fixed costs are known and constant. Choose from any drop-down list and then continue to the next question. O Type here to search HD (14447