Home / Questions / Q - Define relevant cost and why are historical costs irrelevant?
Q – Define relevant cost and why are historical costs irrelevant?
Criteria: Your answer to the topic should be in your own words (not from an instructor’s solution manual). You may want to provide additional information from outside readings or other outside resources, if so, please provide your source or reference.
Reference:
Horngren, C. T., Datar, S.M., Foster, G., Rajan, M., & Ittner, C. (2009). Cost Accounting: A Managerial Emphasis (13th ed.). Upper Saddle River, NJ: Pearson Prentice Hall, pp.388-389.
Nov 07 2017 Read more Less More
What does Munger mean by mental models?
May 19 2018Estimate as accurately as you can from Fig. 2-1 the moll specific volume of co2, at a pressure of 3 x 107 Nm-1 and a temperature T1 Assume T1=340 K. (b) At this pressure ...
Jun 06 2020Refer to the distribution of centipedes given in Exercise 3.S.2. Suppose four squares are chosen at ran- dom. Find the expected value (i.e., the mean) of the num- ber of ...
Aug 21 2020Plan-view sketches of benchmark leveling runs are shown in Figure 5-34. Along each line representing a sight is the value of the rod reading for that sight. The numbering...
Jul 02 2020A company is classifying its costs. It discovers that for any level of output between 10000 and 15000 units the freight cost per unit is always the same figure of $2 per ...
Aug 30 2020Consider a small exchange economy with two consumers, Astrid and Birger, and two commodities, herring and cheese. Astrid’s initial endowment is 4 units of herring and 1 u...
Apr 09 2020Governments may exercise moral judgment in levying taxes. Items that are typically excluded include the following, excepta.milkb.breadc.cigar...
Feb 11 2020The figure below shows a truss which supports the roof of an engineering machine shop. The truss I supports a snow load of 3.2kN/m over its span. Determine graphically th...
May 19 2020The failure to find a strong link between relative inflation rates and exchange rate movements has been referred to as the _____. A. currency crisisB. banking crisisC. p...
Jan 11 2020The market risk premium is 9.23 percent, and the risk-free rate is 4.56 percent. If the expected return on a bond is 9.73 percent, what is its beta?
Nov 30 2019Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.