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Relevant Range
The range of activity within which the assumptions about variable and fixed cost behavior are valid.
Cost Behavior
The study of how specific costs change in relation to changes in a company's level of activity or volume of output.
Linear
Pertaining to or resembling a line; often used in mathematics to describe a relationship of direct proportionality.
Relevant Range
The range of activity within which the assumptions made about cost behavior are valid.
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