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...
-
A study of 900 working women in Texas showed that their feelings changed throughout the day. As the graph indicates, the women felt better as time passed, except for a blip (thats slang for relative...
-
Do the values given to printf() change?
-
A CPA's client, Boos & Baumkirchner, Inc., is a medium-size manufacturer of products for the leisure-time activities market (camping equipment, scuba gear, bows and arrows, and so forth). During the...
-
Data for Hermann Corporation are shown below: Selling price Variable expenses Contribution margin Per Unit $ 100 Percent of Sales 61 100% 61 $ 39 39% Fixed expenses are $80,000 per month and the...
-
Find v such that p, q, u in Prob. 21 and v are in equilibrium. Data from Prob. 21 Find the resultant in terms of components and its magnitude. p = [2, 3, 0], q = [0, 6, 1], u = [2, 0, -4]
-
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.
-
The ledger of Herrera, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. An analysis of the accounts shows the following. 1. Insurance expires at the rate of...
-
Process of inserting an element in stack is called _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Your answer: Pop Create Evaluation Enqueue Push Dequeue
-
You buy a stock for $45 per share and sell it for $50 after holding it for slightly over a year and collecting a $5.3 per share dividend. If dividend income is taxed at a 25% rate and capital gains...
-
Nicole is a sole proprietor who does not itemize deductions. She has business income of $150,000, deductible business expenses of $25,000, and interest income of $5,000 from her business accounts....
-
An in-place machine with B = $180,000 was depreciated by using Modified Accelerated Cost Recovery System (MACRS) over a 3-year period. The machine was sold for $60,000 at the end of year 2 when the...
-
Encode function should take a string or a char array, and return another string or char array by shifting the letters in the alphabeth by the shiftAmount. For example, given the string abcd the...
-
Describe the difference between parametric statistical procedures and nonparametric statistical procedures?
-
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
-
Silverton Confectionery is a growing Berkshire-based company specialising in selling quality chocolates and sweets at higher than average prices through newsagents and confectioners. At present their...
-
4. X, the proprietor of a departmental store, decided to calculate separate profits for his two departments L and M for the month ending 31st January. Stock on 31st January could not be valued for...
-
What level of confidentiality should be attached to the preparation and handling of a memorandum of law? Why? Assume you have been working for a legal specialist in estate law for a number of years...
Study smarter with the SolutionInn App