The volume of activity and costs which a business expects over the short-term planning horizon is represented in the:

Question

Quizplus · Accepted Answer

The relevant range refers to the span of activity or volume levels within which the assumptions about fixed and variable costs in a business are valid. It represents the expected volume of activity and associated costs over a short-term planning horizon, beyond which cost predictions may not be accurate.

The Volume of Activity and Costs Which a Business Expects