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In order to make good decisions, management must be aware of which costs are relevant costs for decision making. For this reason, it is important

In order to make good decisions, management must be aware of which costs are relevant costs for decision making. For this reason, it is important to recognize how certain costs behave under changing conditions. Give one example of a situation in which a fixed costs may be relevant and one when a fixed cost may not be relevant. Give an example of when a variable cost might not be relevant.

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