Relevant costs are the costs that are relevant for any decision making. Relevant costs are helpful for take managerial decisions like make or buy, accept or reject new offers, sell or further process etc. Two basic types of the relevant costs are as follows: Out-of-pocket costs Opportunity costs To Identify: True and false statement about Relevant costs

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Chapter 25, Problem 4QS

To determine

Concept Introduction:

Relevant costs are the costs that are relevant for any decision making. Relevant costs are helpful for take managerial decisions like make or buy, accept or reject new offers, sell or further process etc.

Two basic types of the relevant costs are as follows:

Out-of-pocket costs

Opportunity costs

To Identify:

True and false statement about Relevant costs

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