Relevant range means costs (fixed and variable) that apply to a certain level of production.

Name: Relevant range means costs (fixed and variable) that apply to a certain level of production.
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Quizplus · Accepted Answer

The relevant range refers to the band of production or activity levels within which the assumptions about fixed and variable costs are valid. Fixed costs remain constant, and variable costs change with the level of production or activity within this range.

Relevant Range Means Costs (Fixed and Variable) That Apply to a Certain