Range of cos¢ is what?
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Step-by-step explanation:
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.
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Answer:
a means of charging OVERHEADS to products. By relating budgeted overhead costs to budgeted output, it is possible to calculate an overhead absorption rate per unit of product to add to the standard DIRECT COST (direct materials cost and direct labour cost) of a product in order to determine its production cost.
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