Relevant Costing Questions And Answers Pdf
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Somebody to please help me spot the difference?
- PM Chapter 9 Questions Short-term decision making
- Relevant costs
- Chapter 13 Relevant Costs For Decision Making Solutions
Relevant costs and revenues are those costs and revenues that change as a direct result of a decision taken. They are future costs and revenues — as it is not possible to change what has happened in the past, then relevant costs and revenues must be future costs and revenues.
You must also be able to identify the relevant costs involved in make or buy decisions, shut down decisions and one-off contracts. The concept of relevance Costs and benefits used in the financial analysis of a decision should be relevant to the decision to which they relate. The existence of them will result in some difference.
PM Chapter 9 Questions Short-term decision making
One of the behavioral problems with relevant cost analysis is the overemphasis on short-term goals, which can lead to neglect of: A. What is the first step in the decision making process? Specify the criteria by which the decision is to be made. Consider the strategic issues regarding the decision context. Perform an analysis in which the relevant information is developed and analyzed. Compare the alternatives.
Chapter 13 Relevant Costs for Decision Making Solutions to Questions A relevant cost is a cost that differs in total between the alternatives in a decision. Not all fixed costs are sunkonly those for which the cost has already been irrevocably incurred. A variable cost can be a sunk cost, if it has already been incurred. Chapter 13 Relevant Costs for Decision Making Rank the products in order of their current profitability from most profitable to least profitable.
You have been asked to determine the relevant cost of kgs of material X to be used in a job for a customer. What is the total relevant cost of the material for the project? Data relating to the material requirements are as follows: Material type. Material T is regularly used by the company in normal production. Material V is no longer in use by the company and has no alternative use within the business. What is the total relevant cost of materials for the project?
Chapter 13 Relevant Costs For Decision Making Solutions
A matter is relevant if there is a change in cash flow that is caused by the decision. Banks record cash so this test is reliable. Sunk, or past, costs are monies already spent or money that is already contracted to be spent. A decision on whether or not a new endeavour is started will have no effect on this cash flow, so sunk costs cannot be relevant. Committed costs are costs that would be incurred in the future but they cannot be avoided because the company has already committed to them through another decision which has been made.
Стратмор попытался их удержать, но не сумел. За мгновение до того, как они сомкнулись, Сьюзан, потеряв равновесие, упала на пол за дверью. Коммандер, пытаясь приоткрыть дверь, прижал лицо вплотную к узенькой щелке.
- Однако мы можем выиграть. - Он взял у Джаббы мобильный телефон и нажал несколько кнопок. - Мидж, - сказал. - Говорит Лиланд Фонтейн.
Опоздала на самолет. Она кивнула.
ГЛАВА 6 Хотя Энсей Танкадо еще не родился, когда шла Вторая мировая война, он тщательно изучал все, что было о ней написано, - особенно о кульминации войны, атомном взрыве, в огне которого сгорело сто тысяч его соотечественников. Хиросима, 6 августа 1945 года, 8. 15 утра.