Examlex
Which of the following pairs is correctly matched?
Relevant Range
The range of activity within which the assumptions about fixed and variable costs are valid.
Unit Fixed Costs
Unit fixed costs refer to the costs that do not vary with the level of output or activity within a certain range of production or sales.
Total Variable Cost
The sum of all costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.
Discretionary Fixed Cost
Fixed costs that are not directly related to production and can be changed or eliminated at management's discretion.
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