The costs most relevant to be used in decision making are: a. sunk costs O b. current costs O c. estimated future costs O d. notional and full costs Clear my choice
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- Explain the following basic principles in cost management:a. profitsb. life cycle costsc. tangible cost and benefitsd. intangible costs and benefitse. direct and indirect costsf. reservesWhat is cost-efficiency according to: 1. Profit Projection 2. Cost estimatesHow do you calculate Benefit Cost Ratio (BCR). Mention the decision making process of BCR.
- Reviewing cost behaviour patterns over time from the accounting records and using that review to predict future costs best describes: O Regression analysis O Scatter plots O Analysis at the account level O Two-point methodsDiscuss cost-benefit analysis and financial analysis toolsWhich of the following best defines the concept of a relevant cost? a. A past cost that is the same among alternatives. b. A past cost that differs among alternatives. c. A future cost that is the same among alternatives. d. A future cost that differs among alternatives. e. A cost that is based on past experience.
- calculate for me the Thotho income statement variable costingIn cost analysis, what determines which costs should be included in a study?Which of the following is not one of the five steps in decision-making process? A. identify alternatives B. review, analyze, and evaluate decision C. decide best action D. consult with CFO concerning variable costs