Examlex
A class specifies the __________ and __________ that a particular type of object has.
Relevant Range
The range of activity within which assumptions about variable and fixed cost behavior are valid.
Cost
A sacrifice made to obtain some benefit.
Activity
In accounting and finance, it typically refers to the level of business operations or transactions in a given period.
Relevant Activity Base
A factor that causes changes in the behavior of costs, used to allocate fixed costs to cost objects effectively.
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