Relevant costs Relevant costs in decision making are_a) Historical costsb) Future costs that differ between alternativesc) Sunk costsd) Total costs?

Explanation of Relevant Costs: Relevant costs are future costs that will differ among alternative…

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
Which of the following costs is relevant in decisionmaking? committed costsaccounting costscash costshistorical costs
Which of the following costs can be ignored when making a decision?a. Opportunity costs. b. Differential costs. c. Sunk costs. d. Relevant costs.
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?
hould the costs be historical (embedded)costs or new (marginal) costs?
Ibra Company is considering the following alternatives: Alternative A Alternative B Revenues OMR 50,000 OMR 60,000 Variable costs 30,000 30,000 Fixed costs 10,000 16,000 What is the incremental profit?
What is the benefit of identifying avoidable and unavoidable cost in decisionmaking process? Discuss. **Do not provide the benefit of avoidable cost and unavoidable cost. The question is asking the benefit of IDENTIFYING.
What do you know about relevant and irrelevant cost? Describe.
In incremental analysis, only relevant costs are considered when making a decision among alternatives. Explain what relevant costs are. Would these include only variable costs? Explain.
Which of the following aspects of a cost-benefit study would have the greatest uncertainty as to its precise value?a. the tangible costsb. the intangible costsc. the tangible benefitsd. the intangible benefitse. none of the above because they are equally precise

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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 ?