The following statements are correct excerpt? OA. Only avoidable costs are relevant for decision making B. Incremental cost may include both variable and fixed costs OC. All irrelevant costs are sunk costs D. All direct or indirect cost depends on the cost object

The following statements are correct excerpt? OA. Only avoidable costs are relevant for decision making B. Incremental cost may include both variable and fixed costs OC. All irrelevant costs are sunk costs D. All direct or indirect cost depends on the cost object

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2MC: Which type of incurred costs are not relevant in decision-making (i.e., they have no bearing on...

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Question

The following statements are correct excerpt?
O A. Only avoidable costs are relevant for decision making
B. Incremental cost may include both variable and fixed costs
OC. All irrelevant costs are sunk costs
OD. All direct or indirect cost depends on the cost object

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