Question

Explain Relevant Range In Cost Accounting?

Answer 1

Answer:

The relevant range refers to a specific activity level that is bounded by a minimum and maximum amount. Within the designated boundaries, certain revenue or expense levels can be expected to occur. Outside of thatrelevant range, revenues and expenses will likely differ from the expected amount.

Answer 2

Answer:

Explanation:

In accounting, relevant range refers to a limited span of volume or activity. To illustrate, let's assume that a manufacturer's monthly production volume is consistently between 10,000 and 13,000 units and between 20,000 and 25,000 machine hours.