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1.Relevant cost helps provide a consistent basis for the comparison of alternative proposal.

2.Relevant cost deal with the quantitative aspects of decisions.

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Related Questions

What are the advantages of print sources?

they are relevant.


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 good advantage?

Advantages of a service or product will vary depending on the specific context. Generally, advantages can include improved efficiency, cost savings, increased productivity, enhanced user experience, or competitive differentiation. It is important to identify and communicate the specific advantages that are most relevant to the target audience.


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.


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.


Are you agree avoidable cost is relevant cost?

yes


Is avoidable cost a relevant cost?

yes , indeed .


In management accounting what are relevant costs?

Relevant cost is that cost which will be affected due to the decision company going to make.


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

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