Which of the statement is not true in respect of cost-volume-profit analysis?

(A) In order to forecast profit accurately, it is essential to know the relationship between profits and costs on the one hand and volume on the other.

(B) Cost-volume-analysis is not suitable for setting up flexible budgets which indicates costs at various levels of activity

(C) Cost-volume-profit analysis is of assistance in performance evaluation for the purpose of control.

(D) Analysis of cost-volume-profit relationship may assist in formulating price policies to suit particular circumstances by projecting the effect which different price structures have on costs and profits.