Asked by
Danny Bernal
on Nov 19, 2024
Verified
The concept of the relevant range does not apply to variable costs.
Relevant Range
The range of activity or volume over which the assumptions about fixed and variable cost behavior are valid.
Variable Costs
Costs that change in proportion to the level of production or business activity.
- Gain an understanding of the pertinent range concept and its role in the context of costs.
Verified Answer
PA
Learning Objectives
- Gain an understanding of the pertinent range concept and its role in the context of costs.
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