Question: Why is the relevant range important in high-low cost estimation? Multiple choice question. The relevant range marks the range of the cost driver within which

Why is the relevant range important in high-low cost estimation? Multiple choice question. The relevant range marks the range of the cost driver within which a cost estimate can be obtained. The relevant range marks the range of the cost variable (Y in the equation) within which a cost estimate can be obtained. The high and low points define the relevant range. Visualizing the relevant range shows the importance of graphing the data

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