Examlex
Match the following terms with the corresponding descriptions:
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Relevant Range
The range of activity within which the assumptions made about cost behavior in cost-volume-profit analysis are valid.
Cost Estimates
A predictive calculation of the anticipated expenses for a project or production, used for budgeting and planning purposes.
Marginal Cost
The cost of producing one additional unit of a product or service.
Relevant Range
The range of activity or volume in which the assumptions about fixed costs and variable costs are valid.
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