Question
Relevant Costs in Short-Term Decision Making Your friend, who goes to the University of Florida, is also taking ACG 3331. He says, The topic on
Relevant Costs in Short-Term Decision Making
Your friend, who goes to the University of Florida, is also taking ACG 3331. He says, The topic on relevant costs is easy..all you have to know is that variable costs are always relevant, and fixed costs are always irrelevant.
REQUIRED:
Is his statement about variable costs correct? (Answer Yes or No)
Is his statement about fixed costs correct? (Answer Yes or No)
Provide one example to support your answer concerning variable costs in #1
Provide one example to support your answer concerning fixed costs in #2.
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