Question: 1. Why do managers need to focus only on relevant costs and disregard irrelevant costs when making decision? 2. Why do all costs incurred by

1. Why do managers need to focus only on relevant costs and disregard irrelevant costs when making decision?

2. Why do all costs incurred by a business is always needed to be taken into account and with this outflows of cash?

3. Why is relevant costing important in decision making?

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