ou agree from the following statements- Explain in details with Variable costs are controllable but fixed costs are not. Sunk costs are irrelevant cost while making any decision.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Answer of both (i) and (ii)
Section B
Q4 a. Do you agree from the following statements- Explain in details with examples
Variable costs are controllable but fixed costs are not.
(i)
(ii)
Sunk costs are irrelevant cost while making any decision.
Transcribed Image Text:Section B Q4 a. Do you agree from the following statements- Explain in details with examples Variable costs are controllable but fixed costs are not. (i) (ii) Sunk costs are irrelevant cost while making any decision.
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