The Term Relevant Range as Used in Cost Accounting Means

question 40

Multiple Choice

The term relevant range as used in cost accounting means the range over which:

• A)Costs may fluctuate.
• B)Cost relationships are valid.
• C)Production may vary.
• D)Relevant costs are incurred.

---

Definitions:

Collective Agreement

A written contract negotiated through collective bargaining for labor between an employer and a union representing the employees.

Legal Bargaining Agent

A representative, often a union, designated to negotiate employment terms on behalf of a group of employees.

Bargaining Agent Status

The official recognition of a union as the representative of a group of employees for the purposes of collective bargaining.

Certification

The process of formally validating the qualifications, competence, or authority of an individual or organization in a specific area.