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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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