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This is my final, please please double check your answer. thankyou so much QUESTION : What is the relevant range? What role does the relevant-range
This is my final, please please double check your answer. thankyou so much
lomework: Assignment 2: Chpt 2 Intro. to Cost. Terms ore: 0 of 10 pts Score: 0%, 0 of 100 pts relevant range. C. The a pertioule relevant ange. Clear All QUESTION :
"What is the relevant range? What role does the relevant-range concept play in explaining how costs behave?"
ANSWERS:
A) The relevant range is the band of normal activity level or volume in which there is no relationship between the level of activity or volume and the cost in question. Costs are described as relevant or irrelevant with respect to a particular relevant range.
B) The relevant range is the band of normal activity level or volume in which there is a specific relationship between the level of activity or volume and the cost in question. Costs are described as variable or fixed with respect to a particular relevant range.
C) The relevant range is the band of normal activity level or volume in which there is an abnormal relationship between the level of activity or volume and the variable cost per unit. Costs are described as relevant or irrelevant with respect to a particular relevant range.
D) The relevant range is the band of normal activity level or volume in which there is a specific relationship between the level of actuvity or volume and related fixed costs. costs are deacribe as direct or inderict with respect to a particular relevent range
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