The term "relevant range" means the range within which:
A)a particular cost formula is valid.
B)production may vary.
C)relevant costs are incurred.
D)costs may fluctuate.

Question

Quizplus · Accepted Answer

The term "relevant range" refers to the range of activity within which a cost formula is valid, meaning that the relationship between costs and activity levels is relatively constant. Outside of the relevant range, the cost formula may not accurately reflect cost behavior.

The Term "Relevant Range" Means the Range Within Which