Pardoning Richard Nixon cost Gerald Ford popular support.
Pardoning Richard Nixon cost Gerald Ford popular support.
Pardoning Richard Nixon cost Gerald Ford popular support.
Ford pardoned Nixon for Watergate.
-- cost -- popular support
-- cost -- popular support
Gerald R. Crowningshield has written: 'Cost accounting' -- subject(s): Cost accounting, Managerial accounting
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.
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 ?
1. Not giving land to the peasants 2. Keep the war going
Role of cost accounting in managerial decision making?"