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Commerce · Q370

Costing

Graduate and Post Graduate · Commerce · question 370

Q370

Range, in which relationship exists between level of activity or total cost is called

A.
functional range
B.
relevant range
Answer
C.
unit range
D.
related range

Answer: Option B

Solution

Answer: Option B
Solution:
Range, in which relationship exists between level of activity or total cost is called relevant range. Relevant range is a level of volume or activity within which a company is expected to operate.