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11 Οκτ 2024 · The relevant range refers to a specific activity level that is bounded by a minimum and maximum amount. Within the designated boundaries, certain or levels can be expected to occur. Outside of that relevant range, revenues and expenses will likely differ from the expected amount.
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The relevant range is the range of activity where the assumption that cost behavior is a straight line (linear) is reasonably valid. Managerial accountants like to assume that the relationship between a cost and an activity run in a straight line.
The relevant range is essential for analyzing cost behavior and making informed managerial decisions regarding production and budgeting. In joint cost allocation, recognizing the relevant range helps determine how costs should be distributed among multiple products produced simultaneously.
12 Μαΐ 2024 · Relevant Range in accounting refers to the range of activities of a company within which specific cost behavior is not altered. It means the limit of production or other related activities within which the organization maintains the same level of costs.
22 Ιουν 2023 · The range over which these costs remain unchanged (fixed) is referred to as the relevant range, which is defined as a specific activity level that is bounded by a minimum and maximum amount. Within this relevant range, managers can predict revenue or cost levels.
22 Μαΐ 2019 · Relevant Range In cost behavior analysis, relevant range represents the production bracket expressed in terms of units within which fixed costs are indeed fixed. We define fixed costs as costs which do not change with increase or decrease in the number of units produced.
What is relevant range? In accounting, the term relevant range usually refers to a normal range of volume or normal amount of activity in which the total amount of a company’s fixed costs will not change as the volume or amount of activity changes.
