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Relevant Range. Jersey Company produces jerseys for athletic teams, and typically produces between 1,000 and 5,000 jerseys annually. The accountant is asked to estimate production

Relevant Range. Jersey Company produces jerseys for athletic teams, and typically produces between 1,000 and 5,000 jerseys annually. The accountant is asked to estimate production costs for this coming year assuming 9,000 jerseys will be produced.

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What is meant by the term relevant range, and why is the relevant range important for estimating production costs for this coming year at Jersey Company?

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