Item$29$ Time Remaining $40$ minutes $51$ seconds$00$:$40$:$51$FilesItem $29$ Time Remaining $40$ minutes $51$ seconds$00$:$40$:$51$Which of the following statements is correct about relevant range?Multiple ChoiceThe relevant range helps managers make decisions based on normal operations, but the relevant range is not prescriptive beyond the range.The relevant range only applies to fixed costs in the context of "step costs."The relevant range is useful for operations managers, but not necessarily for cost managers within a production facility.The relevant range determines production levels for the company.