CVP does not require that costs be accurately classified as fixed or variable. i. True ii. False

Consider the following statements concerning costs.        1. A committed cost cannot vary with the decision.      2. An outlay cost cannot vary with the decision.   Are the above statements true or​ false?

An indirect cost for one cost object can be a direct cost for a different cost object. True False

Which of the following statements is false? (You may select more than one answer.)a. Under some circumstances, a sunk cost may be a relevant cost.b. Future costs that do not differ between alternatives are irrelevant.c. The same cost may be relevant or irrelevant depending on the decision context.d. Only variable costs are relevant costs. Fixed costs cannot be relevant costs.

Which type of cost occurs only with the implementation of a particular alternative? O unavoidable O irrelevant O relevant O sunk

Please explain the meaning of a differential revenue or a differential cost.

What two arguments tend to justify classifying all costs as either fixed or variable even though individual costs might not behave exactly as classified?

Differential costs are synonymous with: Select one: a. variable costs b. relevant costs c. irrelevant costs d. sunk costs

The total cost of a cost object can only include the direct costs that are directly traced to that cost object.   Question 14 options:   True   False

In a decision analysis situation, which one of the following costs is generally not relevant to the decision?A. Differential cost.B. Avoidable cost.C. Incremental cost.D. Historical cost.