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What else can I help you with?
The term relevant range as used in cost accounting means the range over which?
Tut Tut Peter Clarke wudnt be happy??
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.
Why relevant range important?
outside the relevant range, variable cost and fixed cost behaviors patterns may change
What is another word for scope?
The word scope means to have anything to do with the extent that deals with something relevant.
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.
A term describing a firm's normal range of operating activities is?
The relevant range of operations.
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 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.
What is relevant range and why is it important?
The relevant range refers to the activity level within which fixed and variable cost behaviors remain consistent. It is important because decisions regarding budgeting, forecasting, and cost management are based on expected production or sales levels within this range. Outside the relevant range, costs may change, leading to inaccurate financial projections and potentially poor decision-making. Understanding the relevant range helps businesses maintain effective cost control and resource allocation.
The relevant range concept is not applicable to mixed costs?
false.
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.
What is the root of irrelevant?
The root word for irrelevant is relevant. Irrelevant just means "not relevant."
