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A cost is considered relevant if it is avoidable and future and cash?
A cost is considered relevant if:
What are the advantages of relevant cost?
1.Relevant cost helps provide a consistent basis for the comparison of alternative proposal. 2.Relevant cost deal with the quantitative aspects of decisions.
When is fixed cost relevant in decision making?
When there will be change in fixed cost of business then at that time fixed cost will be relevant cost For Example if acquiring new machinery will reduce the amount of fixed expense in that case fixed cost is also relevant.
Is avoidable cost a relevant cost?
yes , indeed .
Is depreciation a relevant cost?
Relevant to what? Depreciation is an accounting contrivance to diminish taxable income.
A cost is considered relevant if it is avoidable and future and cash?
A cost is considered relevant if:
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
What are the advantages of relevant cost?
1.Relevant cost helps provide a consistent basis for the comparison of alternative proposal. 2.Relevant cost deal with the quantitative aspects of decisions.
When is fixed cost relevant in decision making?
When there will be change in fixed cost of business then at that time fixed cost will be relevant cost For Example if acquiring new machinery will reduce the amount of fixed expense in that case fixed cost is also relevant.
In management accounting what are relevant costs?
Relevant cost is that cost which will be affected due to the decision company going to make.
Are you agree avoidable cost is relevant cost?
yes
Is avoidable cost a relevant cost?
yes , indeed .
What is the distinction between relevant cost and irrelevant cost?
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.
Is variable cost a relevant cost?
No. If a variable cost does not differ between alternatives than it is irrelevant.
Is fixed cost relevant in determining price of a product?
The fixed cost is relevant in determining price of a product. This is a cost that is associated with the product and will contribute to the total production cost of a product.
Why relevant range important?
outside the relevant range, variable cost and fixed cost behaviors patterns may change
Is depreciation a relevant cost?
Relevant to what? Depreciation is an accounting contrivance to diminish taxable income.
