Why the concept of relevant range is important

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Reference no: EM131342492

1. Some firms assign mixed costs to either the fixed or variable cost categories without using any formal methodology to separate them. Explain how this practice can be defended.

2. Explain the difference between committed and discretionary fixed costs. Give examples of each.

3. Explain why the concept of relevant range is important when dealing with step\ costs.

Reference no: EM131342492

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