Help Relevant costs in decision making are(a) Historical costs?(b) Future costs that differ between alternatives(c) Sunk costs(d) Total costs

Concept of Relevant CostsRelevant costs are costs that will be incurred in the future and differ…

Answered: Relevant costs in decision making are…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...

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Similar questions

Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making? A. avoidable costs B. unavoidable costs C. sunk costs D. differential costs
______ are the costs associated with not choosing the other alternative. A. Sunk costs B. Opportunity costs C. Differential costs D. Avoidable costs
What are value-added activities? Value-added costs?
What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.
Explain the difference between prime costs and conversion costs.
Relevant costs
Which of the following costs is relevant for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical cost
Which of the following costs can be ignored when making a decision?a. Opportunity costs. b. Differential costs. c. Sunk costs. d. Relevant costs.
Which of the following is an irrelevant cost? Group of answer choices An avoidable cost An incremental cost A sunk cost An opportunity cost
In a decision analysis situation, which one of the following costs is generally not relevant to the decision?A. Differential cost.B. Avoidable cost.C. Incremental cost.D. Historical cost.
Besides the dollar cost, what other costs should you consider when comparingalternative solutions to a problem or goal?
For decision making purposes, relevant costs are:a. variable past costsb. all fixed and variable costsc. anticipated future costs that will differ among various alternativesd. costs incurred within the relevant range of productione. Discretionary costs refer to those costs which

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Relevant costs in decision making are (a) Historical costs ? (b) Future costs that differ between alternatives (c) Sunk costs (d) Total costs