Relevant Range looking at Fixed Costs and Variable Costs (Managerial Accounting Series)
In this managerial accounting presentation we introduce the relevant range, which is a range of units we have budgeted to sell where total fixed costs remain the same and variable per unit costs remain the same. If we were to produce and sell more or less units (where we would be outside of the range) our per unit variable costs and total fixed costs will change. Make sure to watch this tutorial as it is a vital component to the cost function and mixed costs when we begin to discuss them!
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