The term relevant range as used in cost accounting means the range over which:
A)Costs may fluctuate.
B)Cost relationships are valid.
C)Production may vary.
D)Relevant costs are incurred.

Question

Quizplus · Accepted Answer

The term relevant range refers to the range of activity levels over which a company expects to operate, and within which the behaviors of cost drivers are consistent with their past patterns. So, in cost accounting, relevant range means the range over which cost relationships are valid.

The Term Relevant Range as Used in Cost Accounting Means