Question: 1. Explain the difference between relevant and irrelevant costs 2. In evaluating a cost reduction proposal, what three alternatives are available to management? 3. When

1. Explain the difference between relevant and irrelevant costs

2. In evaluating a cost reduction proposal, what three alternatives are available to management?

3. When are outlay costs relevant and when are they irrelevant?

6. When are opportunity costs relevant to the evaluation of a special order?

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