# Significance of the Relevant Range to CVP Relationships

Instructions:

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question 1 of 3

### In the relevant range, costs are assumed to:

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### 2. Calculate the variable cost per unit given the following information: total variable costs = \$1,000; total fixed costs = \$500; total units produced = 200.

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## About This Quiz & Worksheet

The importance of relevant range is the subject of this combination of a quiz and worksheet. Questions will address what costs are assumed to do in relevant range, as well as examples of what would be considered a variable cost.

## Quiz & Worksheet Goals

You can expect to see the following topics on this worksheet:

• The expectation of costs in relevant range
• Variable cost examples
• Results of a company operating above its relevant range
• Assumptions in cost-volume-profit analysis

## Skills Practiced

• Problem solving - utilize your skills to solve a problem involving variable cost per unit
• Information recall - remember what you have learned about variable cost examples
• Knowledge application - use what you know to answer questions about operating above relevant range

## Additional Learning

To see more information, check out the lesson titled Significance of the Relevant Range to CVP Relationships. With it, you can review the following:

• CVP analysis
• Mixed costs
• Profit margins
• Real-world examples using CVP analysis
Final Exam
Chapter Exam

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