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The span of activity in which a company expects to operate.
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∙ 14y ago
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Relevant range of activity?
The relevant range of activity refers to a the current level of production. If production drops or increases, then the relevant range will change.
The term relevant range as used in cost accounting means the range over which?
Tut Tut Peter Clarke wudnt be happy??
Why relevant range important?
outside the relevant range, variable cost and fixed cost behaviors patterns may change
Define relevant range in accounting?
an increase or decrease on a company's fixed costs is however not only dependent on the relevant period but also on the relevant production range. The total fixed costs will remain constant if the relevant production range can be handled by the same number of production units, producing fewer steps. If a certain step ( certain cost level) encompasses the entire relevant range of activity, the costs are entirely fixed.
What is another word for scope?
The word scope means to have anything to do with the extent that deals with something relevant.
A term describing a firm's normal range of operating activities is?
The relevant range of operations.
What is relevant cost range?
The price range that an asset or commodity will fluctuate within. The relevant cost range for a barrel of oil has been increasing dramatically thanks to the US Biden administrations policies and the Ukraine - Russia war, for instance.
The relevant range concept is not applicable to mixed costs?
false.
Can you use relevant in place like you have to take a test in your relevant town?
it means your relevant to know what you made on your test
What is the root of irrelevant?
The root word for irrelevant is relevant. Irrelevant just means "not relevant."
How do you distinguish relevant to irrelevant?
Relevant means something to do with the point in question. Irrelevant is the opposite.
What does not relevant mean?
When something is not relevant, it means that does not pertain to something. For example if you are discussing NASCAR statistics, and your friend is giving you football statistics, they would not be relevant to your discussion.
