Multiple Choice
The following is an extract of a cost report for Big Whale Car Wash for the six months from June to November. Management considers the activities in these six months as within the relevant range for the purpose of cost estimation. 
The car washing labour cost is a:
A) variable cost.
B) fixed cost.
C) step-fixed cost.
D) Semi-variable cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Define the term 'relevant range' and explain
Q48: Which of the following statements is true
Q49: An activity or factor that causes costs
Q50: The main reason for analysing cost behaviour
Q51: The method of cost estimation that minimises
Q53: Relevant range is only important when determining
Q54: Which of the following increases as volume
Q55: The level of activity within which fixed
Q56: In regression analysis, the variable that is
Q57: Units produced 12 000 15 000<br>Direct materials