In CVP analysis, costs are assumed to be linear; that is, they can be expressed as "TC = F + VxQ" format, where F represents total fixed costs.

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This statement is true. CVP analysis assumes that costs can be expressed as a combination of fixed costs (F) and variable costs (V) that are multiplied by the quantity of output or sales (Q). The formula used is TC = F + VxQ.

In CVP Analysis, Costs Are Assumed to Be Linear; That