FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
relevant costs are always:
a.variable costs
b.avoidable costs
c.sunk costs
d.fixed costs
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- Variable costing is sometimes called a. differential b. direct c. profitability d. absorption costing.arrow_forwardWhat are: Relevant / irrelevant / Differential Costs Relevant / irrelevant / Differential Revenues Avoidable / unavoidable costs Sunk costsarrow_forwardUnderstand thedifferences between variablecosts and fixed costs.arrow_forward
- Describe how total fixed costs and unit fixed costs behave as the level of activity increases?arrow_forwardWhat are direct out-of-pocket costsarrow_forwardA cost that cannot be changed because it arises from a past decision and is irrelevant to future decisions is a. An uncontrollable cost. d. An opportunity cost. b. An out-of-pocket cost. e. An incremental cost. c. A sunk cost.arrow_forward
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