Relevant ranges must be considered for:

Question

Quizplus · Accepted Answer

Relevant ranges need to be considered for both fixed and variable costs because costs may vary depending on the level of activity or production. When the level of output increases beyond a certain point, fixed costs may need to be increased, while variable costs may change in proportion to the activity level. Therefore, a relevant range needs to be determined for both types of costs to accurately predict the total cost at different levels of production or activity.

Relevant Ranges Must Be Considered For