What is the relevant range, and why is it important to understand this when predicting costs?
Question:
What is the relevant range, and why is it important to understand this when predicting costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
The relevant range is the range of activity within which assumptions about variable and fixed costs ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Question Posted:
Students also viewed these Business questions
-
What is the relevant range? Discuss.
-
What is the relevant range? What role does the relevant-range concept play in explaining how costs behave?
-
What is the relevant range and why is it important?
-
Write a program that displays the color study shown at right, which gives Albers squares corresponding to each of the 256 levels of blue (blue-to-white in row major order) and gray (black-to-white in...
-
Best Appliances is a retail store that sells household appliances. Merchandise sales are subject to an 8 percent sales tax. The firm's credit sales for July are listed below, along with the general...
-
Estimate the hourly capacity of the following two service systems by obtaining their processing times. a. An automatic car wash. b. A cashier in a supermarket, a teller in a bank, or a similar...
-
What must the respondent do to oppose a motion?
-
Applejack Fine Dining has 970 restaurants across the United States. Maintaining a clean environment for customers is a key success factor at Applejack. Each restaurant is cleaned regularly after...
-
Convert the rectangular form of the complex number 2 2i into polar form. Show all work and label the modulus and argument. Find all cube roots of the complex number 64(cos (219) + i sin (219)).....
-
You have been assigned to the audit team for B.B. JAMS Ltd., one of your significant clients. Below is the income statement prepared by the company's accountant for the December 31, 2012 year end....
-
A company pays its employees a weekly salary based on working 40 hours per week and pays $20 per hour for time worked in excess of 40 hours. ln terms of cost behavior, what type of cost is total...
-
Should overtime premiums paid to employees to complete a rush order for a specific customer be classified as overhead or as direct labour? Explain.
-
(a) Write an equation for a surface seismic wave moving in the x direction with amplitude 2.0 cm, period 4.0 s, and wavelength 4.0 km. Assume the wave is harmonic, x is measured in meters, and t is...
-
Given conflicting information about the severity of an environmental problem such as global warming, answer the following questions. a. Why do you suppose that some people argue ardently that there...
-
What are the main stages of a typical business cycle and how long do these stages last?
-
What are the major challenges that the meta national model of knowledge creation, sharing and melding tries to address?
-
Suppose the teacher in question 10 would like to predict the average grade of all her students by using only the midterm scores from one class. Should she use inferential or descriptive statistics?...
-
What type of inflation process is referred to in this news clip? Explain how the Indonesian central banks decision to keep the benchmark interest rate constant could be effective in curbing the...
-
How do you calculate the market share variance? What does this variance tell managers?
-
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
-
You work for a specialty precision parts firm that has a 30% market share in the industry. According to your market research, the total demand for the product you manufacture will be around 200,000....
-
what ways can storytelling techniques be used to enhance business writing and engage audiences? Provide examples of successful business stories and discuss why they were effective .
-
Assume the following is the market for a specific type of medical device. Previously, assume that one firm had market power due to a patent and was setting a single price to maximize its profits. Now...
Study smarter with the SolutionInn App