The relevant range concept is applicable to mixed costs.

Name: The relevant range concept is applicable to mixed costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The relevant range concept is particularly relevant to mixed costs, which contain both variable and fixed components. The relevant range represents the level of activity over which cost behavior patterns are expected to remain the same, and outside of this range, the behavior may change due to capacity constraints or shifts in cost structure.

The Relevant Range Concept Is Applicable to Mixed Costs