Cost Behaviors and Estimates Are Valid Only Within the Normal

question 92

Multiple Choice

Cost behaviors and estimates are valid only within the normal level of operating activity.This range is referred to as the

• A)Normal range
• B)Activity range
• C)Relevant range
• D)Cost range

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Definitions:

Atm

A unit of pressure defined as being equal to the pressure exerted by the Earth's atmosphere at sea level; approximately 101.325 kPa.

Volume

The amount of space that a substance or object occupies, or that is enclosed within a container.

°C

a unit of temperature on the Celsius scale, a measure relative to 0°C for the freezing point and 100°C for the boiling point of water at sea level.

Atm

An abbreviation for atmosphere, a unit of pressure equal to the pressure exerted by the Earth's atmosphere at sea level.