What term is used to refer to a band of normal activity or volume in which specific cost-volume relationships are maintained?
A)Relevant range
B)Cost-allocation range
C)Cost driver range
D)Average range

Question

Quizplus · Accepted Answer

The term used to refer to a band of normal activity or volume in which specific cost-volume relationships are maintained is the relevant range. This is the range of activity over which a company expects to operate and is important for planning and decision making. The relevant range can vary for different cost drivers and is used to determine the behavior of costs as activity levels change.

What Term Is Used to Refer to a Band of Normal