UeStron 20 2 pts What of the following statement is correct? To be relevant for a particular decision, a revenue or cost item must be an expected future revenue or expected future cost. Fored costs will occurth the future and hence are relevant. Variable costs may or may not occur in the future so they do not quality as expected future costs and, hence, will be irrelevant. Some variable costs may not differ among the alternatives under consideration and hence will be irrelevant. Some fwed costs may dotter among the alternatives and hence, will be relevant Variable costs are viewed as a total amount and fixed costs are viewed on a per unit basis. Relevant costing focuses on unit costs and henc the variable costs will be irrelevant and the total costs will be relevant. Relevant costs are defined as those expected future costs that differ or do not differ among alternative courses of action being conside Thus, future costs are always relevant to deciding which alternative to choose. Variable costs may differ among the alternatives under consideration and hence, will be relevant. Fixed costs will not differ among the alternatives and hence, will be irrelevant. -evious No new data to save. Last checked at 6