Asked by
Tatum Hughes
on Oct 14, 2024Verified
Another name for relevant cost is unavoidable cost.
Unavoidable Cost
A cost that cannot be eliminated and must be incurred regardless of the action taken.
Relevant Cost
Costs that are directly tied to a specific managerial decision and will change as a result of that decision, critical for effective cost management and decision-making processes.
- Differentiate between relevant and avoidable costs.
Verified Answer
ZF
Learning Objectives
- Differentiate between relevant and avoidable costs.