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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Financial decision making for managers session 9 DQ

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Q 1. What is relevant range? 2. Give two examples of costs that are variable costs and two examples of fixed costs.

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Relevant range can be regarded as the level or range of volume at which an organization is anticipated to function or operate. All the exercise of costing and budgeting are conducted or carried out within the range that is relevant as the basic assumption. This can be considered as