Youtor
The Relevant Range Managerial Accounting
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=5nE_dxABsbY
This video discusses the relevant range in Managerial Accounting. • The relevant range is the range of activity for which assumptions about the company's cost behavior are valid. If you start a restaurant and pay $3,000 a month for rent, this rent will behave as a fixed cost; whether you have 10 customers or 50 customers, the rent remains the same. However, this assumption is only valid for a certain range of activity; if you have 5 million customers, for example, you might need a much larger restaurant, in which case your rent cost will significantly increase. Thus, a company might say that a cost is fixed for a range from a range of 0 customers to 2,000 customers. • Relevant range is an important concept because costs will frequently change their behavior outside of the relevant range. • — • Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. • Edspira’s mission is to make a high-quality business education accessible to all people. • — • SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS OTHER FREE GUIDES • http://eepurl.com/dIaa5z • — • MICHAEL’S STORY • https://www.edspira.com/about/ • — • LISTEN TO THE SCHEME PODCAST • Apple Podcasts: https://podcasts.apple.com/us/podcast... • Spotify: https://open.spotify.com/show/4WaNTqV... • Website: https://www.edspira.com/podcast-2/ • — • CONNECT WITH EDSPIRA • Website: https://www.edspira.com • Instagram: / edspiradotcom • LinkedIn: / edspira • Facebook: / edspira • Reddit: / edspira • *TikTok: / edspira • — • CONNECT WITH MICHAEL • LinkedIn: / prof-michael-mclaughlin • Twitter: / prof_mclaughlin • Instagram: / prof_mclaughlin • Snapchat: / prof_mclaughlin • *TikTok: / prof_mclaughlin • — • HIRE MCLAUGHLIN CPA • Website: http://www.MichaelMcLaughlin.com/hire-me
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