Asked by
hannah leaphart
on Nov 13, 2024Verified
Which one of the following is a name for the range over which a company expects to operate?
A) Mixed range
B) Fixed range
C) Variable range
D) Relevant range
Relevant Range
The relevant range refers to the span of activity or volume within which the assumptions about cost behavior hold true.
Fixed Range
A predefined interval within which an operational value (such as inventory levels) is maintained.
- Understand the concept of the relevant range in cost behavior.
Verified Answer
AQ
Learning Objectives
- Understand the concept of the relevant range in cost behavior.
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