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The draft cost estimate for job M includes 8,000 being the amount spent on a chemical, the current replacement cost of which is 8,500. The

The draft cost estimate for job M includes 8,000 being the amount spent on a chemical, the current replacement cost of which is 8,500.

The chemical cannot be sold and if it is not usedon job M it will be disposed of at a cost of 1,000.

The relevant cost of the chemical is:

a) 8,000 cost

b) 1,000 saving

c) 1,000 cost

d) 8,500 cost

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