Costs such as book value of old machines are $25000 can be a classified as an example of
A. salvages
B. relevant
C. irrelevant
D. depreciated cost
Answer: Option C
Solution(By Examveda Team)
Costs such as book value of old machines are $25000 can be a classified as an example of irrelevant cost. An irrelevant cost is a cost that will not change as the result of a management decision.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
Join The Discussion