Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

To be a relevant cost ( or relevant revenue ) , the cost ( or revenue ) must occur in the future and must differ

To be a relevant cost

(

or relevant revenue

),

the cost

(

or revenue

)

must occur in the future and must differ among the alternative courses of action being considered.

True

False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis International

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

11th Edition

8120323548, 978-8120323544

More Books

Students also viewed these Accounting questions

Question

★★★★★

For the series of Output per unit of capital: a) Make a time series plot. b) Describe the Trend component. c) Is there evidence of a Seasonal component? d) Is there evidence of a cyclic component?

Answered: 1 week ago

Question

★★★★★

Computer Consultants Inc., a software installation company, earned revenues of $529,463 in 2015, incurred expenses of $693,502, declared cash dividends of $25,000, and recognized a gain on the...

Answered: 1 week ago

Question

★★★★★

Outline Abelards position on the roles of faith and reason.

Answered: 1 week ago

Question

★★★★★

For the convenience of its reporters and staff based in London, CNN operates a motor pool. The motor pool operated with 25 vehicles until February of this year, when it acquired an additional...

Answered: 1 week ago

Question

★★★★★

|Consider a more general form of the hospital, medical student problem from Lecture 1. There are m hospitals, each with a certain number of available positions. There are n medical students who are...

Answered: 1 week ago

Question

★★★★★

Entries for Stock Dividends Madrid Corporation has 38,000 shares of $80 par common stock outstanding. On June 8, Madrid Corporation declared a 3% stock dividend to be issued August 12 to stockholders...

Answered: 1 week ago

Question

★★★★★

Using the same measurement system but located at different sites in the US ( design in CA and process in MA ) , the design team measures a specific attribute as passing, while the process team...

Answered: 1 week ago

Question

★★★★★

Illustration 23. Journalize the following transactions in the books of M/s Kothari & Sons, post them into ledger and prepare trial balance for April 2013: Apr. 1: Commenced business with 40,000. Apr....

Answered: 1 week ago

Question

★★★★★

An array of pin fins made of copper 1 mm in diameter and 3 mm in length will be used in cooling an electronic board prototype. The prototype will be cooled by air at 25C blown by a fan moving at 10...

Answered: 1 week ago

Question

★★★★★

Gina, the controller of a midsize manufacturing company, supervises four employees. Her boss, Layla, instructs her to increase the company's profits for an amount that is material to the financial...

Answered: 1 week ago

Question

★★★★★

The failure rate for a high-speed fan is given by: () = (2 x 103 x 10-6)/hr where t is in hours of operation. The required design life is 100 hours. Question 14: If, by preventive maintenance, the...

Answered: 1 week ago

Question

★★★★★

Describe forecasting requirements.

Answered: 1 week ago

Question

★★★★★

Explain the Uniform Guidelines related to sexual harassment, national origin, religion, and caregiver (family responsibility) discrimination.

Answered: 1 week ago

Question

★★★★★

Describe the types of information required for job analysis and the reasons for conducting it.

Answered: 1 week ago

Previous Question Next Question