0
What else can I help you with?
Is direct labor cost a relevant cost?
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.
Variable costs are irrelevant whenever they do not differ among the alternatives at hand. do you agree?
Any cost whether variable cost or fixed cost is irrelevant if not different between alternatives at hand.
What are the differences between relevant cost and irrelevant cost?
In decision making process those cost which are effected from the decision under consideration those costs are called relevent costs and those costs which have no impact on decision making of specific project are called irrelevent costs.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
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 direct labor cost a relevant cost?
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.
Variable costs are irrelevant whenever they do not differ among the alternatives at hand. do you agree?
Any cost whether variable cost or fixed cost is irrelevant if not different between alternatives at hand.
What are the differences between relevant cost and irrelevant cost?
In decision making process those cost which are effected from the decision under consideration those costs are called relevent costs and those costs which have no impact on decision making of specific project are called irrelevent costs.
What difference between cost and costing?
difference between cost and costing
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between differential cost and incremental cost?
There is no difference
Difference between real cost and money cost in about 300 words?
what is the difference?
Is opportunity cost is irrelevant cost?
Opportunity cost is not an irrelevant cost; rather, it is a crucial concept in economics that represents the value of the next best alternative foregone when making a decision. It helps individuals and businesses evaluate the potential benefits of different choices. Ignoring opportunity costs can lead to suboptimal decision-making, as it prevents a comprehensive assessment of the true cost of an action. Therefore, opportunity cost is highly relevant in evaluating trade-offs in resource allocation.
What is the difference between prime cost and variable cost?
lina
What is the difference between price and average cost?
marginal cost
