answer quickly Represent the cost that will be affected by thedecision being considered.Margin of SafetyBreak-Even PointProfit - Volume RatioQualitative FactorsRelevant CostsLimiting FactorsIrrelevant CostsDepreciation

The relevant and irrelevant costs are important in decision making.

Answered: Represent the cost that will be…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 12Q: Explain how the high-low method is used for cost estimation. What, if any, are the limitations of...

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Similar questions

Why are there objections to using absorption costing when segment reports of profitability are being prepared?
Which among the following alternative methods of costing is related to the best use of physical asset at the lowest cost of entity? a. Absorption Costing b. Life Cycle Costing c. Activity Based Costing d. Target Costing The objective function is expressed in terms of: a. Symbols b. Numbers c. Special characters d. Decision variables
Which of the following would be an acceptable measure of activity for a material handling activity cost pool? options Number of material moves Weight of material moved A Yes Yes B No Yes C Yes No D No No
Cost estimation is the process of a. Summarizing pwst costs into fixed variable components. b.Estimating the relationship between costs and the costs drivers that cause those costs. c. Documenting costs in terms of direct and indirect costs. d. All of the choices
Break-even analysis can help compare locations on the basis of factors that are expressed in terms of O A. total cost. OB. proximity to resources. OC. distance traveled. O D. All of the above.
Using the high-low method, estimate both the fixed and variable components of its maintenance cost.
_____Identifying the relationship between the activity and the costs is a key step in which of the following cost estimation methods? a) Scattergraph. b) High-low method. c) Linear regression. d) Account analysis.
Discuss the advantages and disadvantages of using a cost planning and control system based on earned value analysis (EVA) as opposed to more traditional cost planning and control approaches.
A determination of cost savings is most likely to be an objective of a
In making a short-term special decision, which of the following is MOST important? a. Use a conventional absorption costing method b. Focus on the total cost c. Separate variable and fixed costs d. Discount cash flow to their present values
Explain the relationship between the costs of flexible and committed resources, usage of resources, cost behavior, and cost determination.
Search about how different techniques are efficient to estimate cost. – Engineered estimate of cost– Analysis at the account level– Regression analysis

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Represent the cost that will be affected by the decision being considered. Margin of Safety Break-Even Point Profit - Volume Ratio Qualitative Factors Relevant Costs Limiting Factors Irrelevant Costs Depreciation