Variable Costs and Relevant Costs
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Are variable cost always relevant costs? Example of a company of five different relevant costs that they might have in their orgainzation.
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Solution Summary
Variable costs and relevant costs are examined for organizations.
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Relevant costs are 'the costs appropriate to a specific management decision'.
Types of Relevant costs:
1. Incremental Costs:
Incremental costs are relevant costs since they are directly affected by the decision taken by management. (Basically incremental costs are incurred by ...
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