Which of the following distinctions helps to explain the difference between relevant and irrelevant cost? A) accounting

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following distinctions helps to explain the difference between relevant and irrelevant cost?
A) accounting cost vs. direct cost
B) historical cost vs. replacement cost
C) sunk cost vs. fixed cost
D) variable cost vs. incremental cost

Related Book For answer-question

Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

See More Books

Posted Date: Mar 08, 2022 08:26 AM

See More Questions

Explain the difference between relevant and irrelevant costs. What are the two criteria used to determine whether a cost is relevant?
Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment? a. LIFO b. FIFO c. Average d. HIFO
Which of the following ions possess a noble gas electron configuration? (a) K+ (d) O- (b) He+ (e) F- (c) H- (f) Ca2+
Write a program, in Java, to convert from binary to decimal andfrom from binary to hexadecimal. Please use instance variables,preferably strings. The program must do the conversion withoutusing any...
Star Nursery started 2016 with total assets of $24,000 and total liabilities of $5,000. At the end of 2016, Star Nursery's total assets stood at $18,000 and total liabilities were $1,000....
A balanced, positive-sequence wye-connected source has Van = 240 0 V rms and supplies an unbalanced delta-connected load via a transmission line with impedance 2 + j3 per phase. (a) Calculate the...
There are two propositions: (a) I flip a coin. If it is heads, you are paid \$3; if it is tails, you are paid $\$ 0$. It costs you $\$ 1$ to participate in this proposition. You may do so at any...
Member AB is supported at B by a cable and at A by a smooth fixed square rod which fits loosely through the square hole of the collar. If F = {20i ? 40j ? 75k}, determine the x, y, z components of...
Prepare the schedule of cost of goods manufactured for Barton Company using the following information for the year ended December 31. Direct materials used Direct labor Factory overhead Work in...
A number of cities are arranged on a graph that has been divided up like an ordinary Cartesian plane. Each city is located at an integral (x, y) coordinate intersection. City names and locations are...
Use the complex exponential to derive trigonometric identities such as cos(0 + v) = cos cos - sin sin, and then show that 2 sin sin 2 sin cos 4 = = cos(0) - cos(0 + y), sin(0 + y) + sin(0 - y). This...
For 2020, the social security tax rate is 6.2% (amount withheld) each for the employer and employee (12.4% total). The social security wage base limit is $137,700. The tax rate for Medicare is 1.45%...
Assume that a daytime 30-second commercial on Nickelodeon's "Inspector Gadget" costs $9,000 in a particular market. The show has a total target audience of 45,000 children ages ages 6-12. There are...
Choose a textbook chapter from chapters 8-13 in the textbook, Canadian Human Resources Management, that most resonates and applies to you. Explain how this chapter resonates with you while...
GAAP (Generally Accepted Accounting Principles): 1. What is GAAP and why is it important in the field of accounting? 2. What are the core principles of GAAP? 3. How does GAAP impact financial...
The Kanderdashians incurred the following expenses: payment to the fertility clinic for locating the egg donor, payment to the fertility clinic for lab services to fertilize the egg and implant the...
How effective are you with time management (assess from the perspective of the four quadrants). In what generation of time management would you place yourself? Why? What do you think you personally...
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 4.8 percent between 2009 and 2010. Lets see whether these...
Berry Good Company makes two types of energy drinks, cherry and strawberry. Basic production information follows: Berry Good has monthly overhead of $159,670, which is divided into the following cost...
What is the primary source document used to trace the cost of direct labor to specific jobs? What information should it contain?
The primary problem with the hypothesis that life on Earth originated on Mars is that (a) Mars has never had water. (b) the proposed Martian fossils are much smaller than the tiniest bacteria on...
Which of these statements regarding the origin of life is false? (a) Life originated on an Earth whose atmosphere contained high levels of oxygen. (b)Miller and Urey obtained amino acids and other...
Which of the following mechanisms of evolution consistently causes populations to become more adapted to their environments? (a) natural selection (b)mutation pressure (c) genetic drift (d) gene flow

Which of the following distinctions helps to explain the difference between relevant and irrelevant cost? A) accounting

Question:

Expert Answer:

Ans historical cost vs replacement cost Explanation ... View the full answer

Managerial Accounting

Students also viewed these accounting questions