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Pardoning Richard Nixon cost Gerald Ford popular support.
Relevant cost is that cost which is required for the specific decision making process or the cost which will be change due to specific decision while irrelevant cost has no concern with decision making or any specific decision.
profit fee percentage objective
Relevant cost is that cost which is necessary for the underlying decision in decision making process while irrelevant cost is not necessary to be decision to be made.
Fixed cost become relevent cost when a particular decision affects the fixed cost of production. For Example: Before Decision fixed cost $100 After Decision Fixed Cost $120 so in this case fixed cost also becomes relevent for decision making.
Cost concept for Decision making ?
Role of cost accounting in managerial decision making?"
help you determine the oppotunit cost of your decision.
help you determine the oppotunit cost of your decision.
If direct labor cost creates impact or influences the decision then it is relevant cost but if direct labor is not creating influence or changing in decision then it is irrelevant cost for example direct labor cost remain same irrespective of whatever the decision then direct labor cost is also irrelevant.
depends depends on brand,popularity, £5,00,000,00,0000.
Considering their popularity, probably millions of dollars.