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Jaira Marie Padasay
on Oct 11, 2024

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The relevant range concept is applicable to mixed costs.

Relevant Range

The span of activity or volume over which the specific assumptions of cost behavior hold true, often considered in budgeting and decision-making.

Mixed Costs

Expenses that contain both fixed and variable components, changing in total with the level of activity but not directly proportional.

  • Comprehend the principle of the relevant range and its utilization in understanding cost behavior.
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Parris SewellOct 14, 2024
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