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  • Decision Making Relevant Cost

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    Adil Anwar
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    This document discusses relevant cost concepts for decision making. It covers how relevant costs include only those incremental costs that are caused by the decision. Sunk costs that have already been incurred are not relevant for decision making. The document also explains how opportunity costs reflect the value of the next best alternative use of resources and should be considered as a relevant cost.

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    This document discusses relevant cost concepts for decision making. It covers how relevant costs include only those incremental costs that are caused by the decision. Sunk costs that have already been incurred are not relevant for decision making. The document also explains how opportunity costs reflect the value of the next best alternative use of resources and should be considered as a relevant cost.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views19 pages

    Decision Making Relevant Cost

    Uploaded by

    Adil Anwar
    This document discusses relevant cost concepts for decision making. It covers how relevant costs include only those incremental costs that are caused by the decision. Sunk costs that have already been incurred are not relevant for decision making. The document also explains how opportunity costs reflect the value of the next best alternative use of resources and should be considered as a relevant cost.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 19

    Decision Making – Relevant Cost

    Lecture -2
    Strategic Management Accounting

    Shahid Ilyas
    01-11-2022

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