Examlex
Convert each number into decimal notation.
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Relevant Range
The relevant range refers to the range of activity or volume over which the assumptions about variable and fixed cost behaviors hold true for management decision-making purposes.
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product and are a part of the final product.
Variable Costs
Variable costs are expenses that change in proportion to the activity of a business, such as costs for raw materials or production.
Cost-volume-profit Analysis
A financial accounting technique that calculates how variations in costs and sales volume impact a firm's profitability.
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