Select the appropriate item for each of the definitions listed below.
-the range of output over which the assumed cost relationship is valid
A)relevant range
B)cost behavior
C)driver
D)variable cost
E)fixed cost

Question

Quizplus · Accepted Answer

The relevant range is the range of output over which the assumed cost relationship is valid. It is important to know the relevant range in order to accurately estimate costs and make decisions based on that information.

Select the Appropriate Item for Each of the Definitions Listed