{"id":48196,"date":"2024-04-15T22:37:44","date_gmt":"2024-04-15T22:37:44","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=48196"},"modified":"2024-04-15T22:37:44","modified_gmt":"2024-04-15T22:37:44","slug":"range-in-which-relationship-exists-between-level-of-activity-or-total-cost-is-called","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/range-in-which-relationship-exists-between-level-of-activity-or-total-cost-is-called\/","title":{"rendered":"Range, in which relationship exists between level of activity or total cost is called"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;functional range&#8221; option2=&#8221;relevant range&#8221; option3=&#8221;unit range&#8221; option4=&#8221;related range&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: <strong>B. relevant range<\/strong><\/p>\n<p>The relevant range is the range of activity within which assumptions about cost behavior are valid. It is the range of activity over which the cost relationship is expected to hold true.<\/p>\n<p>The functional range is the range of activity over which a cost is constant.<\/p>\n<p>The unit range is the range of activity over which a cost is constant per unit of output.<\/p>\n<p>The related range is the range of activity over which two or more costs are related.<\/p>\n<p>Here is a table that summarizes the different ranges:<\/p>\n<p>| Range | Definition |<br \/>\n|&#8212;|&#8212;|<br \/>\n| Functional range | The range of activity over which a cost is constant. |<br \/>\n| Unit range | The range of activity over which a cost is constant per unit of output. |<br \/>\n| Relevant range | The range of activity within which assumptions about cost behavior are valid. |<br \/>\n| Related range | The range of activity over which two or more costs are related. |<\/p>\n<p>I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;functional range&#8221; option2=&#8221;relevant range&#8221; option3=&#8221;unit range&#8221; option4=&#8221;related range&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-48196","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Range, in which relationship exists between level of activity or total cost is called<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/range-in-which-relationship-exists-between-level-of-activity-or-total-cost-is-called\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Range, in which relationship exists between level of activity or total cost is called\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;functional range&#8221; 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