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 for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical cost
Accounting The costs most relevant to be used in decision making are: a. sunk costs O b. current costs O c. estimated future costs O d. notional and full costs Clear my choice
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.
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.
Question Sunk costs should always be included when considering the cost of an activity.e True or false, and why?
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?
What is an opportunity cost and why should it be included when making decisions?

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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 ?