Help QUESTION 5When trying to decide between multiple alternatives, a cost that occurs in the future and differs between alternatives is aO Sunk CostO Relevant CostO Variable CostO Non-controllable Cost

Relevant cost means the cost which is considered while taking the decision. All variable cost and…

Answered: QUESTION 5 When trying to decide…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1MC: ______ are the costs associated with not choosing the other alternative. A. Sunk costs B....

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Excercise 3.21 Future costs that differ across alternatives are: a. Opportunity costs b. Sunk costs c. Relevant costs d. Variable costs
Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.
Which of the following is an irrelevant cost? Group of answer choices An avoidable cost An incremental cost A sunk cost An opportunity cost
Problem 4 a. What is the difference between relevant, opportunity and sunk costs? b. Why are fixed costs not included in special order decisions? C. What are the steps involved in decision making?
Future costs that differ across alternatives are: a. Opportunity costsb. Sunk costsc. Relevant costsd. Variable costs
22.An example of a cost that is irrelevant to a future decision is a(n) a. Differential cost b. Incremental cost c. Out of pocket cost d. Sunk cost
Help question 35
Spirit Manufacturing is a division of Crane Communications, Inc. Spirit produces cell phones and sells these phones to other communication companies, as well as to Crane. Recently, the vice president of marketing for Crane approached Spirit with a request to make 25, 200 units of a special cell phone that could be used anywhere in the world. The following information is available regarding the Spirit division: Selling price of regular cell phone Variable cost of regular cell phone $126 63 Additional variable cost of special cell phone 51 The marketing vice president offers to pay Spirit $232 per phone. Spirit has no available capacity and would have to forgo sales of 33,200 phones to existing customers to meet this request. Calculate the minimum transfer price.
Q- 7: prices are needed? What is meant by Transfer price and why transfer Q- 8: opportunity cost, and sunk cost. Define the following terms: differential cost,
Question 8 Which costs will change with a decrease in activity within the relevant range? Unit variable cost and unit fixed cost. O Unit fixed cost and total fixed cost. Unit fixed costs and total variable cost. O Total fixed costs and total variable cost.
Answer of both (i) and (ii)

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QUESTION 5 When trying to decide between multiple alternatives, a cost that occurs in the future and differs between alternatives is a O Sunk Cost Relevant Cost O Variable Cost O Non-controllable Cost