Final answer:
Profit for the period is not an assumption of CVP analysis as it varies with changes in fixed costs, variable costs, sales price, and unit volume sold. The correct answer is c. Profit for the period is constant.
Step-by-step explanation:
The question is asking which statement is not an assumption of Cost-Volume-Profit (CVP) analysis. In CVP analysis, it is assumed that costs can be categorized into fixed costs and variable costs, and that the sales mix is constant. Fixed costs do not change with production levels, while variable costs are directly related to the level of production and can change. Examples of fixed costs include rent on factory space, which remains constant regardless of production levels. Variable costs tend to increase when production rises due to diminishing marginal returns.
Of the options given, profit for the period is constant is not an assumption of CVP analysis. Instead, profit is calculated based on the relationship between fixed costs, variable costs, sales price, and the volume of units sold. Profits will vary as these factors change. Therefore, the correct answer to the question is c. Profit for the period is constant.