Question.3699 - 1. What is relevant range? 2. Give two examples of costs that are variable costs and two examples of fixed costs.
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1. What is relevant range?? 2. Give two examples of costs that are variable costs and two examples of fixed costs.? Understanding Relevant Range and Cost Types The relevant range refers to the activity level within which fixed and variable costs remain constant. For example, variable costs include materials and labor that fluctuate with production volume, while fixed costs encompass rent and salaries that remain unchanged regardless of output. Recognizing these distinctions is crucial for effective budgeting and financial planning.More Articles From Management
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