Cornerstones of Managerial Accounting Study Set 1
Quiz 3: Cost Behaviour
The Relevant Range Is the Range of Activity for Which
The relevant range is the range of activity for which the assumed cost relationships are valid.
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Determining cost behaviour is essential to planning,controlling,and decision making.
Cost relationships may change at output levels outside of the relevant range.
Computing fixed costs per unit may result in misleading information.
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