Answered step by step
Verified Expert Solution
Question
1 Approved Answer
why is identification of the relevant range important Why is identification of the relevant range important? The relevant range is a cost that is incurred
why is identification of the relevant range important
Why is identification of the relevant range important? The relevant range is a cost that is incurred by a company that must be accounted for. Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. Identification of the relevant range is required under GAAP. The relevant range directly impacts the quantity of units of product a customer buysStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started