Why would cost behavior change outside of the relevant range?
The relevant range is the normal range of activity where cost relationships ordinarily remain valid. If an organization's output is outside of the relevant range, various fixed costs may increase or decrease. For example; the factory supervisor's salary is normally fixed, but if output increases beyond the relevant range, an additional supervisor may be needed. If output decreases dramatically outside of the relevant range, the factory supervisor may no longer be needed and the fixed cost would be eliminated.
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A) Direct Labor Hours Worked B) Warranties Payable C) Current Period Earnings D) Sales Tax
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Indicate whether the statement is true or false.
A corporation which makes a charitable contribution of property for the care of the needy gets a deduction equal to the adjusted basis of the property.
Answer the following statement true (T) or false (F)