Which of the following best describes an opportunity cost? It is a relevant cost in decision making, but is not part of the traditional accounting records It is not a relevant cost in decision making, but is part of the traditional accounting records It is not a relevant cost in decision making, and is not part of the traditional accounting records It is a relevant cost in decision making, and is part of the traditional accounting records. a Question 7 (1 point) Listen Existing fixed manufacturing overhead costs are relevant in deciding whether to accept a special order. True False