When Predicting Cost Behaviour,the Volume of Production for Which the Fixed

question 49

Multiple Choice

When predicting cost behaviour,the volume of production for which the fixed and variable cost relationships are assumed to hold true is called the:

• A) relevant cost area.
• B) regression area.
• C) dependent variable area.
• D) relevant range.

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Definitions:

Olfactory Lobe

Part of the brain responsible for processing smell; it receives olfactory information from the nose.

Hammer

A tool typically used to drive nails into, or pull them out of, some other object, generally involving a handle attached to a heavy head.

Anvil

a heavy iron block typically used in forging or metalworking as a surface upon which metal can be hammered and shaped.

Stirrup

A ring or frame, hanging down from the saddle of a horse, for a rider's foot.