Within relevant range, cost function which cost does not change in narrow ranges of activity is called

Within relevant range, cost function which cost does not change in narrow ranges of activity is called Correct Answer step variable cost function

Within relevant range, cost function which cost does not change in narrow ranges of activity is called step variable cost function. A step variable cost is a cost that generally varies with the level of activity, but which tends to be incurred at certain discrete points and to involve large changes in amounts when such a point is reached.
Bissoy MCQ

Related Questions

Method which considers lowest and highest values of cost driver and cost within relevant range is called
Cost function, in which cost does not change with any change in level of activity is a part of
The Zaskar range, the Ladakh range, the Kailas and the Karakoram Range are the main ranges of:
The Brahmaputra, Irrawady and Mekong rivers originate in Tibet and flow through narrow and parallel mountain ranges in their upper reaches: Of these rivers, Brahmaputra makes a "U" turn in its course to flow into India. This "U" turn is due to
The artificial activity which indicates that an activity following it, cannot be started unless the preceding activity is complete, is known as
The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as
Range, in which relationship exists between level of activity or total cost is called
Equipment installation cost in a chemical process plant ranges from __________ percent of the purchased equipment cost.
Cost of instrumentation in a modern chemical plant ranges from __________ percent of the total plant cost.
The Himalayas are formed of parallel fold ranges of which the oldest range is ________