All of the following are assumptions for developing and using a cost linear function except:
A) Past costs rarely need updating to be good predictors of future costs
B) Operations are within the relevant range
C) Variable costs per unit remain constant within the relevant range
D) Fixed costs remain fixed within the relevant range

Question

Quizplus · Accepted Answer

Past costs may not always be a good predictor of future costs as changes in technology, inflation, and other factors can impact costs over time. Therefore, cost linear functions should be regularly updated and adjusted to ensure accuracy in predicting future costs.

All of the Following Are Assumptions for Developing and Using