Relevant Costs Are Best Described as:

A local childrens football league has contacted Shoeworks and wishes to purchase 50 pairs of sneakers for 15 each. Fixed costs that may be avoided in the future are referred to as.

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Costs that were incurred in the past and cannot be changed D.

. The cost of a special device that is necessary if a special order is accepted II. Future costs that differ between competing decision alternatives. A relevant cost is best described by which of the following.

The relevant cost concept is extremely useful for eliminating extraneous information from a particular decision-making process. Analyzing this difference is called differential analysis or incremental analysis. Relevant costs are best described as Select one.

Irrelevant to the decision. Future costs that differ between competing decision alternatives. Expected future costs that differs among alternatives C.

Which of the following best describes a relevant cost. Purchase price of vehicle to be traded in. A relevant cost is a cost that only relates to a specific management decision and which will change in the future as a result of that decision.

A measure of the extent to which an organizations costs financed by equity. Differential revenues and costs also called relevant revenues and costs or incremental revenues and costs represent the difference in revenues and costs among alternative courses of action. Joint production cost incurred to be considered in a sell-at-split versus a process-further decision IV.

Cost of developing producing and delivering a product or service Which of the following will decrease the. The costs described in situations I and IV are relevant costs choice-letter c is the best answer. Item I the cost of a special device that is necessary if a special order is accepted is an incremental cost of accepting the order and is a relevant cost.

Relevant cost is a managerial accounting term that describes avoidable costs that are incurred only when making specific business decisions. A sunk cost is described as which of the following. A measure of the extent to which an organizations contribution margin is affected by sales mix of products.

Benefits foregone by choosing a particular alternative course of action. Operating leverage is best described as Select one. A factor that restricts production or sales of a product B.

A relevant cost is best described by which of the following. An opportunity cost is best described by which of the following. The cost proposed annually for the plant service for the grounds at corporate headquarters III.

Also by eliminating irrelevant costs from a decision management is prevented from. The shoes typically sell for 20 per pair. Costs that were incurred in the past and cannot be changed.

Future costs that differ between competing decision alternatives. The costs associated with each pair of shoes are estimated as 12 of variable costs and 4 of fixed overhead costs. Cost of developing producing and delivering a product or service.

Which of the following best describes a sunk cost. Relevant costs are future costs that differ between competing decision alternatives - if a cost does not differ than it is not relevant in decision making. Relevant costs are best described as Select one.

A measure of the extent to which an organizations operations are fixed. Costs that were incurred in the past and cannot be changed. Future costs that differ between competing decision alternatives.

Relevant costs are best described as Select one. A factor that restricts production or sales of a product. The costs described in situations I and IV.

Future costs that differ between competing decision alternatives. Fixed costs that do not differ between two alternatives are. A relevant cost is best described by which of the following.

If a cost is identical under each alternative under consideration within a given. Which of the following is a sunk cost. Which of the following is described as data that are pertinent to a decision.

Expected future costs that differ among alternatives In a special sales order decision the special price must exceed the variable cost of filling the order. A historical cost that is always irrelevant. Which of the following best describes relevant information.

Relevant costs are best described as. Relevant costs are future costs that differ between competing decision alternatives. Relevant costs are best described as Select one.

Expected future costs that differ among alternatives Question 3.

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