The Term 'Relevant Range', as Used in Cost Accounting, Means

question 41

Multiple Choice

The term 'relevant range', as used in cost accounting, means the range:

• A) over which costs may fluctuate.
• B) of activity within which an entity expects to operate.
• C) over which relevant costs are incurred.
• D) over which the firm has a margin of safety.

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Definitions:

Associate

In a business context, this usually refers to a person or entity that is connected with another as a partner, colleague, or member of an enterprise.

Subsidiary

A company that is completely or partially owned and controlled by another company, known as the parent company.

Income from Associates

Earnings generated from investments in affiliate or associate companies.

Dividend Income

Earnings distributed to shareholders from the profits of a company, acquired through the ownership of its shares.