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Examples are Sunk Costs, Fixed costs and Allocated Costs.

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16y ago

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What is the non example of factor?

Non-examples are infinite. One relevant one is a number that cannot be divided into a number.


What are the examples of relevant to irrelevant attributes?

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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.


In the field of business what does the term 'relevant cost' mean?

The basic definition of relevant cost would be the costs that are important to running a business. The most important costs that the business needs to run properly. Examples would be rent for the office space, utilities, or equipment to name a few.


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.


What are some non examples of omnivores?

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Are you agree avoidable cost is relevant cost?

yes


Is avoidable cost a relevant cost?

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In management accounting what are relevant costs?

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


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.