cost concept with example

1 answer below »

Answered Same Day Dec 29, 2021

Solution

David answered on Dec 29 2021

132 Votes

Define cost concept
Cost concept with example
Solution:-
Before taking any decision management has to first analyze the relevant costs and
evenues associated with the project. Relevant costs are those costs that would occur in future
and will be changed by changing the decision whereas i
elevant costs are those future costs
which will not change by changing decision, i
elevant cost will remain same in each alternative.
In other words, relevant cost and expenses are future cash flows that differ between the
alternatives considered.
Further cost can be classified as sunk cost, i
elevant cost, opportunity...

SOLUTION.PDF

cost concept with example

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment