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Variable costs are relevant and fixed costs are irrelevant?
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
Are marginal costs relevant costs?
If marginal costs are relevant for specific situation or specific decision making scenario then marginal costs are relevant costs otherwise marginal costs can be irrelevant.
The relevant range concept is not applicable to mixed costs?
false.
The most relevant costs that should be used in decision making are?
dadada
Are sunk costs ever relevant for decision-making purposes?
NO, its cost which was wasted in past we can not recover it so it is not relevant for decision making.
Is there a difference between the words relative and relevant?
relative - is someone who is in your family relevant - a word or object that has bearing on the subject your speaking of. (The information was relevant to the defendants case) Not much but relative is relating each to the other where relevant is having to do with the other. Like you and your brother are related. Yet, you may not be the same, which would be relevant. Other ways of relevant are if your talking about an issue , is all the information on the issue relevant to the subject. Not always.
Variable costs are relevant and fixed costs are irrelevant?
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
Are marginal costs relevant costs?
If marginal costs are relevant for specific situation or specific decision making scenario then marginal costs are relevant costs otherwise marginal costs can be irrelevant.
Do you agree that relevant costs for pricing decisions are full cost of the products?
Not essentially. The relevant costs are only those costs that will change as a result of accepting the order. In this case, full product costs will rarely be relevant. It is more likely that full product costs will be relevant costs for long-run pricing decisions.
What costs are relevant in the decision to shut down the Clayton facility?
Which Costs Are Relevant In The Decision To Shut Down The Clayton Facility
Examples of non relevant cost?
Examples are Sunk Costs, Fixed costs and Allocated Costs.
What is perceived value?
The customer's evalution of the difference between all the benefits and all the costs of a market offering relative to those of competing offers.
What is Customer perceived value?
The customer's evalution of the difference between all the benefits and all the costs of a market offering relative to those of competing offers.
All future costs are relevant in decision making?
Future costs are relevant in decision making if the decision will affect their amounts. For example, suppose you're trying to decide whether to drive to work or take the bus. Relevant future costs information includes (1) the cost of gasoline and tolls needed to drive to and from work and (2) the cost of bus fare because both of these costs depend on your decision. However, future costs that won't change - such next month's rent on your apartment - are not relevant because, regardless of your decision, they will not change. Note that past costs are never relevant in decision making.
Define relevant range in accounting?
an increase or decrease on a company's fixed costs is however not only dependent on the relevant period but also on the relevant production range. The total fixed costs will remain constant if the relevant production range can be handled by the same number of production units, producing fewer steps. If a certain step ( certain cost level) encompasses the entire relevant range of activity, the costs are entirely fixed.
The relevant range concept is not applicable to mixed costs?
false.
In management accounting what are relevant costs?
Relevant cost is that cost which will be affected due to the decision company going to make.
