Acct ch 1 100 solut - Study guides, Class notes & Summaries
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Acct ch. 1 100% SOLUTION
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Acct ch. 1 100% 
SOLUTION 
The term "relevant range" as used in cost accounting means the range over which 
A. relevant costs are incurred. 
B. costs may fluctuate. 
C. cost relationships are valid. 
D. production may vary. - ANSWER C 
When cost relationships are linear, total variable prime costs will vary in proportion to 
changes in 
A. total overhead cost. 
B. production volume. 
C. total material cost. 
D. direct labor hours. - ANSWER B 
An example of a fixed cost is 
A. cost of electri...
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