Question

The relevant range is the range that sales forecast may be reasonably be expected to reach in the next period.

Group of answer choices

True

False

Answer 1

The relevant range is the range that sales forecast may be reasonably be expected to reach in the next period.

- false

Explanation-

Relevant range is the range that will show the minimum and maximum level that can be used to estimate the revenues or expenses in future. It will decide the range of forecast of revenue or expenses in future.

Outside the relevant range, the forecast may or can be different from what is expected.

So in case of relevant range of it will include forecast of both sales and expenses as well. So the statement is false as it is showing the relevant range meaning in regards of only sales forecast not expenses.